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| | Wed Jul 14, 2004
Firestone Ventures Inc. Closes Private Placement of Flow-Through Units
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| | Vancouver, July 14 - Firestone Ventures Inc. ("Firestone" or the "Corporation") announced that it has closed the private placement of 4,428,634 flow-through units for gross proceeds of $664,293.90. Each unit consists of one flow-through common share and one half of a non-transferable share purchase warrant entitling the holder to purchase an additional common share at $0.20 for a period of Eighteen (18) months. The common shares issuable upon the exercise of the share purchase warrants do not qualify for the flow-through benefits. The common shares issuable under the units and the warrants are subject to resale restrictions which do not expire until November 8, 2004. In completing the private placement the Corporation has paid finder's fees totalling $44,995.
In other news, the Board is pleased to announce the appointment of Lori Walton to the position of Vice President, Exploration and Business Development.
For further information contact:
Ken Powell
President and Chairman
Toll Free: 1-888-221-5588
Email: info@firestoneventures.com
Website: www.firestoneventures.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. |
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