Forsys Metals Corp T.FSY

Alternate Symbol(s): FOSYF

Energy

Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the acquisition, exploration and development of mineral properties. It is focused on advancing its wholly owned Norasa Uranium Project, located in the jurisdiction of Namibia, Africa, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.

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Forsys Metals Corp

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Post by FXi7on Apr 27, 2009 10:26am

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Post# 15946709

On our way.

FX.

Forsys receives court approval for GFI second amendment

2009-04-27 09:30 ET - News Release

Mr. Duane Parnham reports

FORSYS RECEIVES UNCONDITIONAL COURT APPROVAL FOR SECOND AMENDMENT AGREEMENT WITH GFI

Forsys Metals Corp. has now received the unconditional approval of the Ontario Superior Court of Justice (commercial list) in connection with the terms of the second amendment agreement (refer to Forsys news in Stockwatch dated April 2, 2009) which amended certain terms of the arrangement agreement between Forsys and George Forrest International Afrique SPRL (GFI) and maintains the $7-per-common-share purchase price. As a result of the courts unconditional approval, neither a Forsys special shareholder meeting or further court approvals will be required to complete the plan of arrangement.

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