First Point Minerals Corp.
TSX VENTURE : FPX

First Point Minerals Corp.

June 15, 2012 14:07 ET

First Point Minerals Prices Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2012) -

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

First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that it has priced its previously announced best efforts flow-through financing led by Raymond James Ltd. The flow-through common shares will be priced at $0.60 for gross proceeds of up to $2,000,000 (the "Offering"). The private placement of common shares is to be issued on a "flow-through" basis under the Income Tax Act (Canada).

The closing date of the Offering is scheduled on or about June 26, 2012. All securities issued will be subject to a four month hold period. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company operating worldwide. For more information, please view the Company's website at www.firstpointminerals.com or contact Jim Gilbert, President and CEO, or Rob Robertson, VP Corporate Development, at (604) 681-8600.

On behalf of First Point Minerals Corp.

"Jim Gilbert"

Jim Gilbert, President and CEO

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Point Minerals Corp.
    Jim Gilbert
    President and CEO
    (604) 681-8600

    First Point Minerals Corp.
    Rob Robertson
    VP Corporate Development
    (604) 681-8600
    www.firstpointminerals.com