First Point Minerals FPX(ASE) Message Board

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Gold/Mining/Energy : First Point Minerals FPX(ASE)

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To: George Castilarin who wrote (3)	6/10/1999 3:50:00 PM
From: George Castilarin	Read Replies (1) of 5

First Point Minerals announces $150,000 financing VANCOUVER, June 10 /CNW/ - First Point Minerals today announced that it has completed a private placement for up to 240,000 units at a price of CDN$0.65 per unit for total proceeds of CDN$156,000. The funds will be used to advance the exploration of the company's Cacamuya Gold-Silver and Cedros Silver-Zinc properties in Honduras. Each unit consists of one common share and one-half common share purchase warrant. Each full share purchase warrant will entitle the holder to acquire one common share of the company at an exercise price of CDN$0.75 until December 31, 2000. First Point's shares trade on the Alberta Stock Exchange under the symbol FPX. %SEDAR: 00004553E -0- 06/10/1999 For further information: Peter Bradshaw, President and CEO or Bill Trenaman, Investor Relations (604) 681-8600

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