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906-1112 W. Pender St.
Vancouver, B.C. V6E 2S1
Telephone: 604-681-8600
Toll Free: 1-866-FPM-8601
Fax: 604-681-8799
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| |   Tue Dec 15, 2009
First Point Minerals Closes Private Placement Financing with Cliffs
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| | This news release, required by applicable Canadian laws, is not for
distribution to U.S. newswire services or for dissemination in the U.S
Peter M. D. Bradshaw, P. Eng., President and Chief Executive Officer of First Point Minerals Corp. (TSXV:FPX) is pleased to advise the closing of the previously announced non-brokered private placement financing with Cliffs Natural Resources Exploration Inc. ("Cliffs"), a wholly-owned subsidiary of international mining company Cliffs Natural Resources Inc. The private placement consisted of 10,198,808 shares priced at $0.0975 per share, for gross proceeds to the Company's treasury of $994,384. The shares will be subject to a "hold" period that will expire on April 12, 2010.
The funds will be used, in part, to fund First Point's ongoing nickel alloy and precious metal exploration programs and for working capital.
First Point Minerals Corp. is a Canadian base and precious metal exploration company focused on the Americas. For more information, please view the Company's website at www.firstpointminerals.com or phone Peter Bradshaw, President and CEO, or Ron Britten, Vice-President of Exploration, at (604) 681-8600.
FIRST POINT MINERALS CORP.
"Peter M.D. Bradshaw"
Peter M.D. Bradshaw, President - TSX Venture Exchange: FPX
Suite 906 -- 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
e-mail "firstpoint@firstpointminerals.com"
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next News Releases item: Wed Dec 23, 2009, First Point Grants Stock Options
You can view the Previous News Releases item: Wed Dec 2, 2009, First Point Announces Revisions to the terms of the Private Placement of First Point Shares to Cliffs
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