First Gold Prepares and Reports a Partial Closing of its Financing

First Gold Exploration Inc. (TSX VENTURE:EFG) (FRANKFURT:F12) reported that the company has closed on a portion of a non-brokered private placement, for an amount of $397,501.30.

The press release is quoted as saying:

The Company has issued 1,135,718 units of common shares at a price of $0.35 per share for gross proceeds of $397,501.30. Each unit consists of one common share priced at $0.35 and half a warrant to purchase a common share of the Company. Each warrant entitles its holder to purchase one common share of the Company at $0.50 for a 24-month period after closing of the private placement.

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