FREEPORT RESOURCES INC. ("FRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 23, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced November 18, 2011:
Number of Shares: 105,000 flow-through shares and 2,500,000 non flow-through shares
Purchase Price: $0.20 per flow-through share and $0.20 per non flow-through share
Number of Placees: 9 placees
Insider / Pro Group Participation: No Insider / Pro Group Participation
Finder's Fee: $25,000 payable to Colin Tiong
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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