Fire River Gold Increases Non Brokered Private Placment to $5.5 Million
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/22/10 -- Fire River Gold Corp. (TSX VENTURE: FAU)(OTCQX: FVGCF)(FRANKFURT: FWR) ('FAU' or the 'Company') wishes to announce that further to the news release dated June 18, 2010, regarding a non-brokered private placement of 6,000,000 units for total proceeds of $3,000,000, the Company wishes to increase the financing of the non-brokered private placement to 11,000,000 units for total proceeds of $5,500,000 subject to regulatory approval. All other information from the news release dated June 18, 2010 remains the same.
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with a superior technical team focused on bringing its flagship project, the Nixon Fork Gold Mine, back into production within the next 12 months. The Nixon Fork Gold Mine is a fully permitted and bonded gold mine with past production values averaging 1.4 opt (42 gpt). Facilities at the Nixon Fork Gold Mine include a 200 tpd floatation plant with a gravity gold separation circuit and a sulphide floatation circuit. In 2008, a CIL gold leaching circuit was purchased and approximately 60% installed. The mine also includes a fleet of mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.5 km long landing strip. Nixon Fork is located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits. Fire River Gold is a member of the International Metals Group (www.internationalmetalsgroup.com).
On behalf of the Board of Directors
Harry Barr, President & C.E.O.
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. We seek safe harbour.
Neither 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 accuracy of this release.
Contacts:
Fire River Gold Corp.
Harry Barr
President & CEO
+1 604 685 1870
+1 604 685 8045 (FAX)
info@firerivergold.com
www.firerivergold.com