Wednesday, September 17, 2008 5:45:21 PM
Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of two year following the closing of the private placement at a price of $1.00 per common share.
A finder's fee of 8% of the gross proceeds may be payable in cash or shares on a portion of the financing. The net proceeds from the financing will be used for exploration expenses on the Company's projects and for general working capital.
Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Drilling and underground development is currently underway at the high-grade Lucky Shot Gold Project. The Company has Exploration Agreements with Kinross Gold, Freeport-McMoRan Exploration Corporation, BHP Billiton, New Gold, Triex Minerals, Altair Ventures, Highbury Projects, and Ashburton Ventures Inc.
My posts are not to be considered a solicitation to buy or sell securities. Any opinions expressed are just that. Any information posted is for informative purposes only. Please do your own DD before investing in any security.
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