Fire River Gold Announces Non-Brokered Private Placement to Complete CIL Circuit

Fire River Gold Corp. (TSXV:FAU) reports a non-brokered private placement of up to 15,555,555 units at a purchase price of $0.45 per unit.

The press release is quoted as saying:

Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.65 per share for 18 months, subject to accelerated expiry, such expiry being accelerated to 30 days in the event the Company’s shares have closed at or above a price of $0.90 per share for 10 consecutive trading days.

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