First Point Minerals Announces $320,000 Financing and Initiates Optimization Program on Decar Nickel Project
Suite 725 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
January 17, 2017
First Point Minerals Announces $320,000 Financing and Initiates
Optimization Program on Decar Nickel Project
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, January 17, 2017 – First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the
“Company”) is pleased to announce that it has arranged a non-brokered private placement to
raise gross proceeds of up to $320,000 (the “Offering”). The Offering will consist of up to
3,200,000 common shares (the “Shares”) at $0.10 per Share in the capital stock of the Company.
Insiders of the Company intend to participate in the Offering and a finder’s fee may be payable
on a portion of the Offering.
All the securities issued pursuant to this private placement will be subject to a four (4) month
hold period. Completion of the Offering is subject to receipt of all required regulatory and other
approvals, including acceptance by the TSX Venture Exchange.
The proceeds raised from the Offering will be used by First Point for the advancement of the
Company’s flagship Decar nickel project, and for general working capital purposes.
“On closing this financing, we will be well-positioned to continue advancing our 100%-owned
Decar nickel project, located in central British Columbia,” said Martin Turenne, President and
CEO. “Specifically, we will undertake optimization programs on various project parameters,
including an assessment of potential commercial payability for Decar nickel-iron concentrates
and comminution testing on Decar ores. The results of these programs will be incorporated into
an amended preliminary economic assessment, which the Company will continue to develop
throughout 2017.”
About First Point
First Point Minerals Corp. is focused on the exploration and development of the Decar Nickel-
Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique
style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more
information, please view the Company’s website at www.firstpointminerals.com or contact
Martin Turenne, President and CEO, at (604) 681-8600.
On behalf of First Point Minerals Corp.
"Martin Turenne"
Martin Turenne, President and CEO
Forward-Looking Statements
Certain of the statements made and information contained herein is considered “forward -
looking information” within the meaning of applicable Canadian securities laws. The se
statements address future events and conditions and so involve inherent risks and uncertainties,
as disclosed in the Company's periodic filings with Canadian securities regulators. Actual
results could differ from those currently projected. The Company does not assume the obligation
to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.