First Graphite Corp. Announces Option Agreement for Mt. Heimdahl Property
![First Graphite Corp. Announces Option Agreement for Mt. Heimdahl Property](https://www.minenportal.de/media/goldseiten-news.jpg)
The Mt. Heimdahl Property, totalling approximately 1045 hectares is located in the Valhalla Ranges, in high-grade metamorphic rocks of the Valhalla Complex, within the Omineca Crystalline Belt. Infrastructure is well developed in the Mt. Heimdahl Property area, as the property is approximately 35 kms south west of Nelson BC, or alternately 41 kms north east of Castlegar. There are existing forestry roads, and a high-tension power line that runs through Koch Creek, approximately 8 kms south of the property, where Eagle Graphite's beneficiation plant is located.
In consideration of the grant of the Option, the Company will pay $5,000 and issue 100,000 common shares of the Company to the Optionor within five business days of the date that the TSX Venture Exchange issues its approval of the agreement (the "Approval Date"). In order to maintain and exercise the Option, the Company must, by the first anniversary of the Approval Date, issue to the Optionor an additional 100,000 common shares of the Company and pay the Optionor an additional $5,000.
This news release contains certain statements that may be deemed "forward-looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although First Graphite Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of First Graphite Corp.'s management on the date the statements are made. Except as required by law, First Graphite Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Contact Information
First Graphite Corp.
Andrew Mugridge, President
(604) 689 2881
www.firstgraphite.ca