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| | Thu Sep 13, 2012
Firestone Ventures Announces Non-Brokered Private Placement
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| | September 13, 2012 - Firestone Ventures Inc. ("Firestone" or the "Corporation") (FV: TSX-V; F5V:FSE) announced today it intends to proceed with a non-brokered private placement offering of up to 10,000,000 units ("Units") at a subscription price of $0.05 per Unit for gross proceeds of up to C$500,000. Each Unit will consist of one common share and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share for a price of $0.10 for a period of 12 months from closing. The securities to be issued will be subject to a four month resale restriction.
The Private Placement will be conducted in reliance upon certain prospectus and registration exemptions. The net proceeds from the placement will be used for exploration on existing properties and for general working capital. The Corporation may pay a finder's fee in connection with the private placement.
Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.
Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).
For further information please contact:
Pamela Strand, P. Geol., President
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
info@firestoneventures.com
www.firestoneventures.com
Trading Symbol: FV: TSX-V; F5V: FSE
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next News Releases item: Mon Sep 24, 2012, Firestone Announces Business Alliance with Minéro Mining to Advance Torlon Zinc-Lead Project, Guatemala
You can view the Previous News Releases item: Fri Aug 24, 2012, Firestone Ventures Announces Share Consolidation
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