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| | Fri Jan 2, 2004
Firestone Announces Private Placement Increase
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| | VANCOUVER, Jan 2/CNW - Firestone Ventures Inc. (FV:TSX-VEN) is pleased to
announce that due to demand it has increased its private placement as was previously announced by news release dated November 27, 2003. The private placement will now consist of the sale of up to 1,750,000 units at $0.15 each. Each unit will consist of one common share and one two-year non-transferable share purchase warrant entitling the holder to purchase an additional common share for $0.20.
The proceeds of the private placement will be used for mineral property costs and general working capital. The private placement is subject to TSX Venture Exchange acceptance.
On behalf of the Board
"Dr. Ken Powell"
Chairman and President
For further information please contact Jim Porter, Chief Financial Officer and Director at (604) 681-6638 or jporter@firestoneventures.com. Also see http://www.firestoneventures.com
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS RELEASE. THE COMPANY RELIES ON LITIGATION PROTECTION FOR FORWARD-LOOKING STATEMENTS. |
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