FGR Fengro Industries Corp

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


First Graphite Corp. (the "Company") (TSX VENTURE:FGR) is pleased to announce
that it has entered into a mining option agreement (the "Option Agreement")
dated March 26, 2012, with Thomas Lewis (the "Optionor"), pursuant to which the
Optionor has granted the Company an option (the "Option") to acquire a 100%
interest in certain claims located in the Slocan Valley region of the province
of British Columbia (the "Mt. Heimdahl Property").


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.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.

Fengro Industries (TSXV:FGR)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

Fengro Industries (TSXV:FGR)
Historical Stock Chart
Von Dez 2023 bis Dez 2024