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Message: Completes Phase One of Exploration Program

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FV announces Private Placement

in response to Completes Phase One of Exploration Program by Clavis

posted on Jun 19, 09 03:43PM

FV has closed a non brockered PP of 13.5M units at aprice of 0.10cents for gross proceeds of $1.35M.Each unit consisted of 1 common share and 1 common share purchase warrant.Each warrant entitles the holder to aquire a common share at 0.15cents within 24 months .

The common shares and warrants comprising the UNits and common shares issuable upon exercise of the warrants are subject to a 4 month restricted period which expires on Oct 20/09

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