Fjordland Exploration Inc.
NEWS RELEASE
Fjordland to Raise up to $1 Million in Private Placement Financing
Vancouver, BC, May 23, 2008 - Fjordland Exploration Inc.
(TSX-V: FEX) announces it intends to raise up to $1,000,000 to finance exploration at the Company�s projects in Canada and for general working capital. The capital raise will consist of a non-brokered private placement of flow-through shares ("FT Shares") and non flow-through units ("Units").
The FT Shares will comprise up to 5,000,000 FT Shares at $0.15 per FT Share.
The Units will comprise up to 1,666,667 Units at $0.15 per Unit. Each Unit will consist of one common share and one-half share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.35 for one year following the closing.
Finder�s fees of 8% of the units 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 and the Yukon. Fjordland has a 60% interest in the 44,413-hectare Woodjam copper-gold-molybdenum property in south-central British Columbia and is operator of the project; Cariboo Rose Resources Ltd holds the remaining 40% interest. Fjordland also has a 50%-50% joint venture with Serengeti Resources Inc. (TSX-V: SIR) on the QUEST project to explore 27 properties totalling approximately 144,000 hectares in the heart of British Columbia�s 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.
Victor A. Tanaka
Director
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 of this news release.
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VanEck Vectors Global Alternative Energy ETF
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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 474 422 as of today (US$ 346 521, € 315 646). Its stock quote reached its lowest recent point on January 01, 2016 at 0.01, and its highest recent level on September 15, 2017 at 0.59. Fjordland Expl. has 47 442 200 shares outstanding. |