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Formation Metals News Release

24.02.2011  |  Marketwire

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/24/11 -- Formation Metals Inc. (TSX: FCO) (the 'Company) announced today that, as per the Company's news release dated January 27, 2011, it is in the process of finalizing a short form prospectus in relation to its previously announced $80,000,000 equity offering. Details of the offering, including the pricing of the units, have yet to be determined. The Company will announce the details of the offering in the form of a news release once the short form prospectus has been finalized and receipted by the British Columbia Securities Commission. Other than the foregoing, the Company is unaware of any developments which may be affecting the price of the Company's shares.


Formation Metals Inc.


Mari-Ann Green, CEO


This press release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on the Company is available at www.sedar.com.


The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or the securities laws of any state of the United States, and may not be offered or sold, directly or indirectly, in the United States unless registered under the U.S. Securities Act and applicable securities laws of any state of the United States or in reliance on an exemption from such registration requirements. This news release does not constitute an offer to sell, a solicitation of an offer to buy any of the Company's securities set out herein in the United States.


The statements contained in this news release in regard to Formation Metals Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.

Contacts:

Formation Metals Inc.

E.R. (Rick) Honsinger, P.Geo.

V.P. Corporate Communications

604-682-6229
inform@formationmetals.com
www.formationmetals.com



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