Firestone Ventures Announces Private Placement Offering and Stock Option Grant
January 28 2013 - 02:05PM
Marketwired
Firestone Ventures Inc. ("Firestone" or the "Corporation") (TSX
VENTURE:FV)(FRANKFURT:F5V) announces that it will be offering on a
non-brokered private placement basis common share units ("Units")
and flow-through units ("FT Units") at $0.06 per Unit and FT Unit
for aggregate gross proceeds of up to $300,000 (the "Offering").
Each Unit will consist of one common share and one share purchase
warrant ("Warrant") where each Warrant will have an exercise price
of $0.10 and an expiry date of 18 months. Each FT Unit will consist
of one flow-through common share and one half of a Warrant. Each
whole Warrant will have an exercise price of $0.10 and an expiry
date of 18 months. Insiders of Firestone will participate in the
Offering. The securities to be issued will be subject to a four
month resale restriction. The net proceeds from the placement will
be used for exploration on existing properties and for general
working capital.
The Offering will be conducted in reliance upon certain
prospectus and registration exemptions. The Corporation may pay, in
accordance with TSX Venture Exchange policy, finder's fees to
agents for obtaining subscriptions. Completion of the Offering is
subject to acceptance by the TSX Venture Exchange.
Firestone also announces the Corporation has issued 2,535,000
stock options to directors, officers, consultants and employees
with an exercise price of $0.10 per common share and an expiry date
of two years from the date of the grant.
Firestone Ventures Inc. is a Canadian-based resource exploration
and development company with zinc-lead-silver projects in Central
America. The common shares of the Company are currently listed on
the TSX Venture Exchange (symbol FV) and the Frankfurt Stock
Exchange (symbol F5V).
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Firestone Ventures Inc. Pamela Strand, P. Geol.
President Toll Free: 1-888-221-5588 (780) 428-3476
(FAX)info@firestoneventures.com www.firestoneventures.com