Fort. St. James Nickel Closes Private Placement
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
FOR IMMEDIATE RELEASE TSX-V: FTJ Fort. St. James Nickel Closes Private Placement
Vancouver, British Columbia – July 27, 2015 – Fort St. James Nickel Corp. (the “Company”) announces that further to its news of April 17, 2015 it has closed its non- brokered private placement of $40,000. The Offering is subject to Exchange final acceptance.
The offering was for 4,000,000 Units for gross proceeds of $40,000. Each Unit will consist of one common share in the capital of the Company at a price of $0.01 and one share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Company common share for a period of five years from the date of issuance at a price of $0.05 per share.
The proceeds of the Offering will be used by the Company future working capital. No portion of the Offering proceeds will be used to pay to any related parties. No portion of the Offering proceeds will be used to pay management fees or salaries.
All securities issued in connection with the Offering will be subject to a four month hold period in accordance with applicable securities laws and as such November 18, 2015 is the hold expiry date.
Contact Person: Murray Swales Email: [email protected]
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
ON BEHALF OF THE BOARD
(signed) “M.L. Swales”
Murray L. Swales Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.