First Tellurium Corp C.FTEL

Alternate Symbol(s): FSTTF

Metals & Mining Industrial Metals & Minerals

First Tellurium Corp is engaged in exploring and developing tellurium projects in British Columbia and Colorado. The Company has interests in exploration and evaluation assets in British Columbia, Canada and Colorado, USA and its principal business is the exploration of those assets. It has a 50% interest in the Deer Horn Property, located in British Columbia. It also has an option to acquire the Colorado Klondike Property, located in south-central Colorado, USA. It also has a 49% equity interest in Cheona Metals Inc., whose focus in on underexplored mineral lands in northern British Columbia. Additionally, the Company has a 49% equity interest in Cheona Health Inc., focuses on helping Indigenous and other communities in Canada achieve better health and well-being. It also owns 75% of PyroDelta Energy Corp., which is focused on bringing thermoelectric generators to the automotive and emergency/recreational markets while exploring other applications with potential purchasers and users.

CSE:FTEL - Post by User

First Tellurium Corp

Bullboard Posts

Post by masspoweron Jun 15, 2011 11:50am

393 Views

Post# 18718422

A no brainier here!

THE PRIVATE PLACEMENT

Was done at a price of
.20 per Unit for gross proceeds of $4,319,000. The private placement has been increased by $1,319,000 from the original announcement on Jan 28/2011. Each Unit shall consist of one Common Share and one share purchase warrant (the "Warrant"), each whole Warrant entitling the holder thereof to purchase one additional Common Share at an exercise price of
.30 for a period of 12 months from the date of issuance. The proceeds of the financing will be used to advance the Deer Horn property and for general working capital.

Now look at the property the management team and 4+ mill for exploration work. The property has the minerals and they know it. I can't wait for the NI 43-101 resource estimate increase coming on all the tellurium and who knows what else they strike big on!