Firstgold to conduct $10 million private placement

By Laura Lutz

Des Moines, March 29 - Firstgold Corp. negotiated a private placement for up to $10 million.

D&D Securities Co. and Kingsmill Capital Partners Inc. will act as agents.

Terms of the placement have not been announced.

Proceeds will be used to finance the company's Relief Canyon Mine project, for other exploration and for general corporate purposes.

Firstgold is a mining company based in Cameron Park, Calif.

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