First Pursuit Ventures Ltd.
TSX VENTURE : FPV

December 14, 2007 19:24 ET

First Pursuit Ventures Announces $810,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

First Pursuit Ventures Ltd. (TSX VENTURE:FPV) (the "Company") announces that it will privately place up to 3 million units at a price of $0.27 per Unit (the "Financing"). Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle its holder to subscribe for one common share at $0.37 per share for a period of 24 months from completion of the Financing. The shares, warrants and any shares issued on exercise of the warrants will bear a four-month restriction on resale from the completion date which is targeted for the end of December, 2007. Finder's fees within regulatory guidelines may be payable on the placement. The Financing is subject to TSX Venture Exchange approval.

Proceeds from the Financing will be used to fund the Company's working capital and for general expenses.

The Company is a mineral exploration company whose principal focus is the acquisition, exploration and development of mineral properties. The Company's management and board of directors possess experience in the mining industry.

This news release is not an offer of securities for sale in the United States nor in any other jurisdiction where they may not be lawfully offered or sold. The securities comprising this 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 such registration or an exemption from registration.

On behalf of First Pursuit Ventures Ltd.

Peter Watson, Director and CFO

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing and program of exploration activities. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration of the Company.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

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

Contact Information

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