By Sheri Kasprzak
New York, Jan. 25 - First Point Minerals Corp. said it has arranged a non-brokered private placement for C$1,626,700.
The company intends to sell up to 11,619,286 units at C$0.14 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$0.20 each for one year.
Proceeds will be used for exploration on the company's Rio Luna gold property in Nicaragua. The rest will be used for working capital.
Based in Vancouver, B.C., First Point is a precious and base metals exploration company.
| Issuer: | First Point Minerals Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,626,700 (maximum)
|
| Units: | 11,619,286 (maximum)
|
| Price: | C$0.14
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.20
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 24
|
| Stock symbol: | TSX Venture: FPX
|
| Stock price: | C$0.165 at close Jan. 24
|
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