FSY news- closes financing
Mr. Marcel Hilmer reports FORSYS CLOSES NON-BROKERED PRIVATE PLACEMENT Forsys Metals Corp. has closed its previously announced non-brokered private placement by issuing 3,235,294 units at 17 cents per unit for gross proceeds of $550,000. Each unit consists of one Class A common share and one-half of one common share purchase warrant, whereby each full warrant entitles the holder to acquire a new common share in Forsys at a price of 23 cents for a period of two years from the date of issue. All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period from the closing date. Proceeds from the private placement will be used to finance the Norasa uranium project in Namibia, as well as for general working capital purposes. About Forsys Metals Corp. Forsys Metals is an emerging uranium producer with 100-per-cent ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa, a politically stable and mining-friendly jurisdiction. We seek Safe Harbor