(TheNewswire)
Vancouver, BC / TheNewswire / July 4, 2017
- FIRESTEEL RESOURCES INC. (TSX-V: FTR) (" Firesteel " or the " Company ") today announced a correction to its press release that was disseminated on Monday, June 26, 2017
(“ June 26 Release ”). The June 26 Release incorrectly stated that a total of 4,729,537
units (“ Units ”) were issued representing gross proceeds of $354,715, however, the Company
issued a total of 4,756,537 Units for gross proceeds of $ 356,740.
In addition, the June 26 Release incorrectly stated that the Units consisted of one
common share of the Corporation (“ Common Share ”) and one-half of one Common Share
purchase warrant (“ Warrant ”), with each whole Warrant exercisable at $0.20 for 2
years. The correct exercise price for each whole Warrant is $0.15. The remaining terms of the June 26 Release remain
unchanged.
About the Company
Firesteel is an exploration-stage junior mining
company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and stable
jurisdictions around the world.
Firesteel currently has one highly prospective property in British Colombia.
The Star property is
currently operated under a Joint Venture agreement between Firesteel (49%) and Prosper Gold. (TSX-V: PGX) (51%).
Previous highlights of the Star property include:
-
-6,700 Ha property hosts five significant Cu-Au targets
-Star Target – In 2014 a total of 6221.5 meters were drilled in 19 holes. Recent drill results
include 107m of 0.77% Cu & 0.41 g/t Au including 64m of 1.12% Cu & 0.59 g/t Au (previously reported September 23,
2014) .
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Paul Sarjeant,
P.Geo., a Qualified Person under National Instrument 43-101 and a director of the company.
For a detailed overview of Firesteel Resources Inc. please visit:
www.FiresteelResources.com
For further information, please contact:
Michael Hepworth
President and Chief Executive Officer
(416)419 5192
mhepworth@firesteelresources.com
www.firesteelresources.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
Advisory Regarding Forward Looking Statements
This news release contains forward-looking statements. Users of forward-looking statements are
cautioned that actual results may vary from forward-looking statements contained herein. Forward-looking statements include, but
are not limited to: expectations, opinions, forecasts, projections and other similar statements concerning anticipated future
events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the
use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. While the Company
has based these forward-looking statements on its expectations about future events as at the date those statements were prepared,
the statements are not a guarantee of the Company’s future performance. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be
correct.
The Company’s forward-looking statements are expressly qualified in their entirety by this
cautionary statement and are made as of the date of this new release. Unless otherwise required by applicable securities
laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to
reflect subsequent information, events, results or circumstances or otherwise.
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