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

Bullboard Posts

Comment by FXi7on Aug 19, 2009 3:01pm

374 Views

Post# 16231864

RE: Routine Check

Industry Canada sent a letter to George Forrest InternationalAfrique (GFI) saying the company is forbidden from completing its$579-million acquisition of Forsys "pending further notice" from thegovernment.

Bruce Hall, chief communications officer of Forsys,said the government is doing a routine background check of GFI, andthis should not prevent the deal from closing.

This then still stands as it did before with the extension of the extension.

Good buy back opp.

FX.

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