First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.

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First Au Ltd

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Comment by JohnEStromJron Nov 30, 2011 1:20pm

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Post# 19279514

RE: Sprott Deal

"TSX Venture Exchange has accepted for filing the Company's proposal to issue that number of bonus shares that is equal to $750,000 based on the 10 day volume weighted average trading price immediately prior to the provision of a $6,500,000 loan advance."The loan 'advance' was for $7,500,000 of which they've borrowed [at least] $1,000,000. Curious where that other $ million went.

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