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Fort St. James Nickel (TSXV:FTJ.H) Raising $350,000 through a non-brokered private placement

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The company intends to raise gross proceeds of up to $350,000 through the issuance of up to 1 million units at $0.35 per unit. Each unit will consist of 1 share and 1 warrant, with each warrant exercisable at $0.50 for 12 months, subject to an acceleration clause.

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Additional Information:

Company: Fort St. James Nickel
Website: http://www.FTJminerals.com
Stock Symbol: TSXV: FTJ.H
Date Published: Feb 12, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Fort St. James Nickel has announced a non-brokered private placement.

The company intends to raise gross proceeds of up to $350,000 through the issuance of up to 1 million units at $0.35 per unit. Each unit will consist of 1 share and 1 warrant, with each warrant exercisable at $0.50 for 12 months, subject to an acceleration clause.

The shares are trading at $0.38.

The funds will be used for exploration work on the company’s 1,280 hectare Porcupine precious metal – base metal – rare earth elements property, located in central New Brunswick, Canada.

The property is approximately 95 kilometres and a one hour drive east from the town of Miramichi, the largest town in northeastern New Brunswick.

Silver and base metal bearing float and bedrock is reported in this region, with some boulders containing elevated gold.

A trench on a 2 kilometre anomaly exposed 20 metres of mineralized zone up to 12% zinc, 18% lead, a 6 ounces per ton silver.

For more information on the property, please refer to the NI 43-101 Technical Report filed on Sedar.


For more information, please visit the company’s website, www.FTJminerals.com, contact Barry Brown, President, at 604-488-3900, or email office@FTJminerals.com.

I’m Samantha Deutscher for Investmentpitch Media