Forsys Closes Non-Brokered Private Placement 23.01.2020 | GlobeNewswire
TORONTO, Jan. 23, 2020 - Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (?Forsys? or the ?Company?) is pleased to announce that it has closed its previously announced non-brokered private placement by issuing 10,000,000 Class A Common Shares in the Company at a subscription price of C$0.10 for gross proceeds of C$1,000,000.
Proceeds from the private placement will be used for general working capital purposes. All securities issued pursuant to the private placement are subject to a four-month and one-day hold period from the closing date.
About Forsys Metals Corp. Forsys Metals Corp. is an emerging uranium developer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant Resource and Reserves at Valencia and Namibplaas are available on the Company?s website and under the Company?s filings on SEDAR.
On behalf of the Board of Directors of Forsys Metals Corp. Mark Frewin, Interim Chief Executive Officer.
For additional information please contact:
Jorge Estepa, Corporate Secretary Telephone: (416) 818-4035 or Email: je@forsysmetals.com
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