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| | Mon Feb 2, 2004
Firestone Announces TSX-V Final Approval of Private Placement
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| | VANCOUVER, Feb 2/CNW - Firestone Ventures Inc. (FV:TSX-VEN) is pleased to announce that due to demand it further increased its private placement as was previously announced by news releases dated November 27, 2003 and January 2, 2004. The private placement was increased to 2,000,000 units at $0.15 each and capped there. The placement was fully subscribed for and has received TSX Venture Exchange final approval.
Each unit consists 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 shares are restricted from resale before May 31, 2004. The warrants expire January 30, 2006.
The proceeds of the private placement will be used for mineral property costs and general working capital.
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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