Fjordland Closes First Tranche of Non-Brokered Private Placement
Vancouver, BC, September 11, 2017 ─ Fjordland Exploration Inc. (TSX-V: FEX) reports that a portion of the non-brokered private placement announced on August 28, 2017, has closed and 2,450,000 Units at a price of $0.10 per Unit (the “Units”) and 440,000 Flow-Through Units at a price of $0.125 (the “FT Units”) have been issued for gross proceeds of $300,000.
Each Unit and FT Unit consists of one common share and one-half of one transferable share purchase warrant (the “Warrants”), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.20 per common share until March 11, 2019.
Finder’s fees were paid as follows: $7,600 and 38,000 Finder Warrants to Haywood Securities Inc. The Finder Warrants have the same terms as the Warrants.
Common shares issued in connection with this private placement and all common shares issuable upon exercise of Warrants and Finder Warrants, are subject to a four-month-hold period and may not be traded until January 12, 2018.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large scale potentially economic deposits located in Canada. For further information visit Fjordland’s website at www.fjordlandex.com
On behalf of the Board of Directors,
“Richard C. Atkinson”
Richard C. Atkinson, P.Eng.
President & CEO
For further information, please call:
FJORDLAND EXPLORATION INC.
Richard C. Atkinson, President and CEO
Some statements in this news release may contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.