And another in DecAnd another 1 month before that...
2009-12-01
FIRST GOLD COMPLETES CLOSING OF PRIVATE PLACEMENT FOR $600,000 WITH MINERALFIELDSDecember 1, 2009 - Laval, Quebec - First Gold Exploration Inc. (TSX: EFG) (FSE: F12) is pleased to announce the closing of non-brokered private placement for a total of $600,000, detailed as follows:
· Private placement of Flow-Through Units - MineralFields.
A private placement of 4,000,000 flow-through units at a price of
.15 per unit. Each unit is comprised of one flow-through common share and one-half of a non-flow-through share purchase warrant in the share capital of the Company, a whole warrant entitling its holder to purchase an additional common share at an exercise price of
.20 per share until November 30, 2011. In connection with this private placement, the Company paid a cash finder\`s fee of $24,000 and issued 400,000 unit purchase options on the same terms as the subscriber units exercisable at a price of
.15 per option.
Limited Market Dealer Inc. received a due diligence fee of 160,000 common shares in order to complete due diligence.