Freeport Capital Inc.

March 12, 2010 07:30 ET

Freeport Capital Inc. (CNSX:FAS) Announces a 4th Tranche Private Placement for $21K at $0.25 Totalling $256K

MONTREAL, QUEBEC--(Marketwire - March 12, 2010) -

Freeport Capital Inc. (CNSX:FAS) Has closed a 4th Tranche of 84,000 shares for proceeds of $21,000 of a non-brokered private placement financing of up to 4,000,000 (CNSX:FAS) Shares for gross proceeds of up to $1,000,000, at a price of $0.25 per share with a Warrant attached of $0.40 on a 1 for 1 basis. Freeport Capital Inc. (CNSX:FAS) expects to close subsequent tranches of the private placement for additional gross proceeds of up to $744,000 on or before March 31, 2010.

About Freeport Capital Inc. (CNSX:FAS)

Freeport Capital Inc. (CNSX:FAS) provides innovative Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide. For more information, please visit

The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

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