First Pursuit Ventures Ltd.
TSX VENTURE : FPV

January 08, 2008 13:27 ET

First Pursuit Closes $810,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - First Pursuit Ventures Ltd. ("First Pursuit") (TSX VENTURE:FPV), listed on the TSX Venture Exchange Inc. (the "Exchange") under the trading symbol "FPV", is pleased to announce that its previously announced (see news release dated December 14, 2007) private placement of $810,000 of units of First Pursuit at a price of $0.27 per unit is fully subscribed and closed. An aggregate of 3,000,000 common shares and 3,000,000 common share purchase warrants ("Warrants") were issued in connection with the Private Placement, with each Warrant entitling the holder to acquire one (1) common share at a price of $0.37 for a period of two years from the date of issue. The 3,000,000 common shares and all warrant shares issued are subject to a four-month hold period. An aggregate of $61,560 cash will be paid as finders' fees.

ON BEHALF OF FIRST PURSUIT VENTURES LTD.

Peter Watson, Director

The company seeks safe harbor on forward-looking statements.

The TSX Venture Exchange Inc. has neither approved nor disapproved of the contents of this press release.

Contact Information

  • First Pursuit Ventures Ltd.
    Investor Relations
    (604) 681-2575
    (604) 681-2577 (FAX)