RE: $7 Million PP Free Floats Jan 20,2013 like I said I am loooong but realistic.. I am also sure that these are the same people who will move us to much loftier levels .... just when they are ready!!
Its not the first time I have been in a play like this.. and the last time ALOT of money was made..
Fire River closes $5.74-million first tranche
2012-08-09 20:37 ET - News Release
An anonymous director reports
FIRE RIVER ANNOUNCES CLOSING OF FIRST TRANCHE $5.7 MILLION BROKERED FINANCING
Fire River Gold Corp. has closed the first tranche of its previously announced brokered private placement financing. Pursuant to the offering, the company issued 88,417,458 units at a price of 6.5 cents per unit for total gross proceeds of $5,747,134.77. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the purchaser to subscribe for one additional common share at an exercise price 10 cents per warrant share for a period of five years.
BayFront Capital Partners Ltd. acted as agent in connection with the offering. The company paid $137,040.80 and issued 2,108,320 compensation options as commission in connection with the offering, other than in respect of subscriptions received from certain president's list subscribers. Each compensation option is exercisable into one unit at a price of 6.5 cents for a period of five years.
The use of proceeds of the offering will be used for the further development of the company's Nixon Fork mine, satisfaction of an outstanding debt, and for working capital and general working capital.
All common shares, warrants and compensation options carry a four-month hold period restricting them from trading until Dec. 10, 2012.
We seek Safe Harbor.
Plus have you never heard of naked shorting and replacing the shares...