First Pursuit Ventures Ltd.
NEX BOARD : FPV.H

May 05, 2009 18:28 ET

First Pursuit Closes $285,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 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") is pleased to announce that its previously announced (see news release dated March 27, 2009) private placement of $285,000 of units of the Company at a price of $0.05 per unit is fully subscribed and closed. An aggregate of 5,700,000 common shares and 5,700,000 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 $0.10 for a period of one year from the date of issue. The 5,700,000 common shares and all warrant shares issued are subject to a four-month hold period.

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 May 5, 2009 there were 11,479,917 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)