Fjordland Exploration Inc.
NEWS RELEASE
Fjordland Increases Flow-Through Private Placement
Vancouver, BC, February 18, 2009 - Fjordland Exploration Inc. (TSX-V: FEX) has increased the flow-through private placement, announced February 3, 2009, from $150,000 to $200,000. The financing will consist of a non-brokered private placement of approximately 2,857,142 flow-through shares at $0.07 per share.
Proceeds are to finance a Diamond drilling program at the Mil gold property in British Columbia, scheduled to start in early March. Funds will also be used for exploration at the Woodjam gold-copper project.
Finder�s fees of 8% of the flow-through shares sold may be payable in common shares on a portion of the financing to registered dealers who assist in the placement. The private placement is subject to regulatory approval.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Fjordland holds a 60% interest in the 48,000-hectare Woodjam copper-gold-molybdenum property in south central British Columbia, and is operator of the project; Cariboo Rose Resources Ltd. (TSX-V: CRB) holds the remaining 40% interest. Fjordland is also the operator in a 50%-50% joint venture with Serengeti Resources Inc. (TSX-V: SIR) on the QUEST project to explore 28 properties totaling approximately 144,000 hectares in the heart of British Columbia�s under-explored Quesnel Terrane for precious and base metals. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange under the symbol �FEX�. For further information visit the Company�s website at www.fjordlandex.com.
Janice Davies
Corporate Secretary
Contact:
John Gomez
Manager, Investor Relations
Tel. 604-893-8365
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Fjordland Exploration Inc
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EXPLORATION STAGE |
CODE : FEX.V |
ISIN : CA33833E1034 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fjordland Expl. is a silver and gold exploration company based in Canada. Fjordland Expl. holds various exploration projects in Canada. Its main exploration properties are ASHBY, WOODJAM, QUEST JV, QUEST and BC PROPERTIES in Canada. Fjordland Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.1 millions, € 1.0 millions). Its stock quote reached its lowest recent point on January 01, 2016 at CA$ 0.01, and its highest recent level on September 15, 2017 at CA$ 0.59. Fjordland Expl. has 103 780 000 shares outstanding. |