Firesteel Resources announces $2M private placement

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By CPE News

Vancouver (pcJ News Briefs) – Firesteel Resources Inc. (TSX-V: FTR) intends to complete a private placement of up to 20 million units at $0.10 per unit for gross proceeds of up to $2 million.

Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share for a period of two years at a price of $0.20 per share.

Firesteel Resources intends to use the net proceeds to exercise its first option to acquire an initial 10% equity interest in Nordic Mines Marknad, (as announced on April 10, 2017) and for working capital.

Firesteel Resources is an exploration-stage junior mining company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and stable jurisdictions around the world.

photo credit: Firesteel Resources