First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.

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First Au Ltd

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Comment by ThyFishon Jun 29, 2012 5:01pm

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Post# 20070657

RE: Fire River Gold Amends Waterton Debt Facility

Either Waterton is crazy or possibly like a fox..........I'm never happy with dilution or warrants but we aren't heavily diluted as far as juniors go as it is, so I'll take the measly 2.5 million warrants offered to Waterton. The Waterton original facility is structured in a manner that benefits them the most when FAU is in production. Why are they so interested in warrants if they thought FAU was going bankrupt? This confidence in lending tells me that Waterton knows the situation a little better then our friends Chunder or Bintang. I would assume we are very close...............but I have been wrong before and I will be wrong again, so take what you will from it and good luck to all!

ThyFish

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