First Pursuit Ventures Ltd.
NEX BOARD : FPV.H

March 27, 2009 18:00 ET

First Pursuit Announces $285,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2009) -

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

First Pursuit Ventures Ltd. (NEX:FPV.H) (the "Company") announces that it will complete a private placement of up to 5.7 million units (the "Unit") at a price of $0.05 per Unit (collectively the "Financing"). Each Unit will consist of one common share of the Company, (the "Share") and one common share purchase warrant of the Company (the "Warrant"). Each Warrant will entitle its holder to subscribe for one Share at $0.10 per Share for a period of 12 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 April 2009. The Financing is subject to NEX approval.

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

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 Securities Act of 1933, (United States) as amended, and may not be offered or sold in the United States absent such registration or an exemption from registration.

Currently 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. The Company is authorized to issue an unlimited number of common shares. As at March 27, 2009 there were 5,779,917 Shares outstanding.

ON BEHALF OF FIRST PURSUIT VENTURES LTD.

Terry Fields, President and Director

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the tsx venture exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Pursuit Ventures Ltd.
    Investor Relations
    (604) 682-2928
    (604) 685-6905 (FAX)