Foundation Resources announces that further to the Company's news release dated October 7, 2011, the Company has increased the non-brokered private placement of units at $0.10 per unit from 5,000,000 Units to 10,000,000 Units for aggregate proceeds of $1,000,000. As previously disclosed, each Unit is comprised of one common share and one half of one share purchase warrant. Each share purchase warrant entitles the
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