Fjordland Closes Financing
Website: www.fjordlandex.com Email: [email protected]
NEWS RELEASE NR#15-01
Fjordland Closes Financing
Vancouver, BC, January 7, 2015 ─ Fjordland Exploration Inc. (TSX-V: FEX) reports that the nonbrokered private placement announced on December 18, 2014 has closed for gross proceeds of $105,334. The Company has issued 2,355,566 non flow-through units (the “Units”) and 1,155,567 flow-through units (the “FT Units”). Each Unit consists of one common share and one share purchase warrant. Each FT Unit consists of one flow-through common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share at a price of $0.05 until January 6, 2018.
All the securities issued hereunder are subject to a four month hold period and may not be traded until May 7, 2015.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company historically focused on the discovery of copper and gold deposits in British Columbia. Fjordland currently has a portfolio of 18 properties in British Columbia. The principal project is the Dillard Project which is subject to an Option Agreement with Sumac Mines Ltd.(Sumac) an affiliate of Sumitomo Metal Mining. Sumac may earn a 51% interest in the project by expending $3,500,000 over a 3 year period. Fjordland is the current operator. Fjordland has recently executed an option agreement pursuant to which the Company may earn a majority interest in the South Voisey's Bay Project. Commander Resources Ltd. as the Operator has initiated a program of ground geophysical surveys designed to locate, expand and delineate previously identified Ni-Cu-Co targets. Fjordland’s shares trade on the TSX Venture Exchange under the symbol “FEX”. For further information visit Fjordland’s website at www.fjordlandex.com
On behalf of the Board of Directors,
“Richard C. Atkinson”
Richard C. Atkinson President & CEO
Neither the TSX Venture Exchange nor its Regulation Services (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 1100, 1111 Melville Street, Vancouver, British Columbia Canada V6E 3V6 Tel: 604.893.8365 Fax: 604.669.8336