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Re: News Releases - Wednesday, February 27, 2008
First Point Minerals Arranges Flow-Through Private Placement for
Expanded Work on Nickel Properties
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Peter M. D. Bradshaw, Ph.D., P. Eng, President and Chief Executive
Officer of First Point Minerals Corp. (TSXV: FPX) announced that,
subject to regulatory acceptance, First Point intends to arrange a
non-brokered private placement consisting of up to 4.5 million
flow-through shares ("FT Shares") at a price of $0.11 per FT Share, for
gross proceeds to the Company's treasury of up to $495,000. The FT
Shares will be subject to a hold period of four months plus one day
from closing.
Finder's fee of 7% of the FT Shares sold will be payable in cash to
registered dealers who assist in the private placement. In addition,
the finders will receive finder's warrants equal in number to 7% of the
aggregate number of FT Shares sold. Each finder's warrant entitles the
holder to purchase one common share at a price of $0.16 per common
share for a period of 12 months.
The Company will use the proceeds from the private placement to expand
its exploration and metallurgical activities on its bulk tonnage nickel
properties in Canada.
First Point Minerals Corp. is a Canadian precious and base metal
exploration company focused on the Americas. For more information,
please view: www.firstpointminerals.com or phone Peter M.D. Bradshaw,
President and CEO, or Ron Britten, VP of Exploration, at (604)
681-8600.
FIRST POINT MINERALS CORP.
"Peter M.D. Bradshaw"
Peter M.D. Bradshaw, President - TSX Venture Exchange: FPX
Suite 906 -- 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
e-mail "firstpoint@firstpointminerals.com"
The TSX Venture Exchange has not reviewed, nor accepts responsibility
for the adequacy or accuracy of this news release.
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Copyright (c) 2008 FIRST POINT MINERALS CORP. (FPX) All rights
reserved. For more information visit our website at
http://www.firstpointminerals.com/ or send
mailto:info@firstpointminerals.com
Message sent on Wed Feb 27, 2008 at 10:06:57 AM Pacific Time
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