RAB Special Situations (fka RAB)

[Tackler]

FPX First Point Minerals 4,345,001-share private placement

2005-04-27 16:34 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 14, 2005.

No. of shares: 4,345,001

Price: 15 cents per share

Warrants: 2,172,499 share purchase warrants for 2,172,499 shares

Warrant price: 20 cents for a 24-month period

Placees: 17 placees participated

Insiders: Roderick Kirkham 100,000; J. Christopher Mitchell 66,667; RAB Special Situations LP three million; Robert A. Watts 100,000

Pro groups: Bob Kerr 20,000; Alfred Stewart 116,667

Agents: Canaccord Capital Corp.; Leede Financial Markets Inc.; Odlum Brown Ltd.

Agents' fees: Cash -- $5,687.50 is payable to the agents; securities -- 54,167 broker warrants with an exercise price of 20 cents exercisable for two years from the date of issue