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Critical Elements Corporation

Published : June 12th, 2008

arranging non-brokered private placements for up of $1,750,000

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 First Gold Exploration inc. Communiqu� de presse 

Montreal (Quebec), June 12th, 2008 - First Gold Exploration Inc. (the "Corporation") (TSX Venture: EFG) (Frankfurt Exchange: F12) announces that it is currently arranging non-brokered private placements for up of $1,750,000, consisting in three private placements:

 

<!--[if !supportLists]-->         <!--[endif]-->Private placement of Unit common shares. 

     500 common shares Units at a cost of $1,000 per Unit.  Each Unit includes 4,000 common shares at a price of $0.25 per share and 4,000 common share purchase warrants of the Corporation.  Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twelve months at a price of $0.35 per share and thereafter at a price of $0.45 per share for another twelve months.

 

<!--[if !supportLists]-->         <!--[endif]-->Private placement of flow-through Units for residents of the province of Quebec.

     650 flow-through Units at a cost of $1,000 per Unit.  Each Unit includes 2,500 flow-through common shares at a price of $0.30 per share and 1,000 common shares at a price of $0.25 per share with 3,500 common share purchase warrants of the Corporation.  Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twelve months at a price of $0.40.

 

<!--[if !supportLists]-->         <!--[endif]-->Private placement of flow-through Units for Canadian residents outside of the Province of Quebec.

      2,000 flow-through Units at a cost of $300 per Unit.  Each Unit includes 1,000 flow-through common shares at a price of $0.30 per share and 500 common share purchase warrants of the Corporation.  Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twelve months at a price of $0.40.

 
In connection with those private placements, a finder's fee commission will be paid out in cash and finder's fee warrants to qualified individuals and brokers.  The flow-through common shares and the common shares are subject to a four-month hold period from closing.

 
First Gold Exploration Inc. is pleased to announce the first closing of its private placements consisting of 366 Quebec residents flow-through Units issued at a price of $1,000 per Unit for total gross proceeds of $366,000, with each Unit consisting of 2,500 flow-through common shares at a price of $0.30 and 1,000 common shares at a price of $0.25 per share with 3,500 common share purchase warrants of the Corporation.  Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twelve months at a price of $0.40.

 

First Gold Exploration Inc., also closed, 50 common shares Units at a price of $1,000 per Unit for total gross proceeds of $50,000, with each Unit consisting of 4,000 common shares of the Corporation at a price of $0.25 per share and 4,000 common share purchase warrants of the Corporation.  Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twelve months at a price of $0.35 per share and thereafter at a price of $0.45 per share for another twelve months.

 
Two insiders participated in the first closing, Eric Leboeuf for 30 flow-through Units at $1,000 per Unit and Pierre Forget for 10 flow-through Units at $1,000 per Unit representing a total of $40,000 and 3 pro's also participated for a total of 46 flow-through Units at $1,000 per Unit and 50 common shares Units at a price of $1,000 per Unit for total gross proceeds of $96,000.

As finders' fee in connection with the private placements, the Corporation also issued a total of 30,333 Agent's warrant entitling the holder to purchase 30,333 common share purchase warrants at price of $0.40 per share, paid a $37,700 cash commission.

 
The final closing of the private placements will occur on or about the 30th, June, 2008

First Gold Exploration Inc. is advancing rapidly on its current drilling campaign on the Croinor property.  As promised the campaign got started in May.  Seven holes have been drilled to date and the first assays should arrive within 3 to 4 weeks.

 

Eric Leboeuf
President and Chief Executive Officer
(514) 234-6488
Email: president@firstgoldexploration.com
www.firstgoldexploration.com

For more information about First Gold Exploration:
Agoracom IR

Hub Home for First Gold:
http://www.agoracom.com/ir/FirstGoldExploration

Profile for First Gold:
http://www.agoracom.com/ir/FirstGoldExploration/profile

Broker Fact Sheet:
http://www.agoracom.com/company/broker_fact_sheet/563067/Microsoft_PowerPoint_-_EFG-BFS-April24-08.pdf

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

-30-



 


�First Gold Exploration inc. - Tous droits r�serv�s
Conception de site Web par Eklyps Solutions Interactives
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Critical Elements Corporation

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CODE : CRE.V
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Critical Elements is an exploration gold company based in Canada.

Critical Elements holds various exploration projects in Canada.

Its main exploration properties are MATCHI-MANITOU, ROSE (LAC PIVERT), CROINOR, GATINEAU, LAC SAVIGNY NE and MELASSE in Canada.

Critical Elements is listed in Canada. Its market capitalisation is CA$ 125.8 millions as of today (US$ 96.7 millions, € 81.1 millions).

Its stock quote reached its lowest recent point on August 14, 2009 at CA$ 0.07, and its highest recent level on December 15, 2017 at CA$ 1.86.

Critical Elements has 148 030 000 shares outstanding.

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Annual reports of Critical Elements Corporation
Annual Report 2007
Financings of Critical Elements Corporation
2/21/2013Arranges Non-Brokered Private Placement
4/1/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
3/4/2011Reports a Partial Closing of its Financing
6/12/2008arranging non-brokered private placements for up of $1,750,0...
Nominations of Critical Elements Corporation
12/1/2010Appointment of Michel Robert and Jean Rainville as directors...
2/15/2008announce the appointment of Mr. Patrick Bradley
Project news of Critical Elements Corporation
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4/28/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
3/20/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
2/22/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/9/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
2/2/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
6/3/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
3/27/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
1/24/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Corporate news of Critical Elements Corporation
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/1/2016Quarterly Activities Report - 30 June 2016
8/1/2016Activities Report to 30 June 2016
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (TSXV: NR...
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (tsxv: nr...
6/28/20162016-06-28 Critical Elements Corporation announces strategic...
6/2/20162016-06-02 Critical Elements announces closing of $6 million...
5/18/20162016-05-18 Critical Elements announces $5 million bought dea...
5/6/20162016-05-06 Lepidico exercised Lemare option
5/6/2016Lemare Option Exercised
5/2/2016Activities Report to 31 March 2016
4/28/2016CRITICAL ELEMENTS (TSXV: CRE.V) AND LOMIKO (TSXV: LMR.V) TO ...
4/28/20162016-04-28 Critical Elements (tsxv: cre) and lomiko (tsxv: l...
9/9/20152015-09-09 Critical Elements signs with strategic partner fo...
9/9/2015CORRECTION FROM SOURCE/Critical Elements Signs With Strategi...
9/8/20152015-09-08 Critical Elements signs with strategic partner fo...
9/8/2015IIROC Trading Resumption - CRE
9/8/2015Critical Elements Signs With Strategic Partner for: Off-Take...
9/3/2015IIROC Trading Halt - CRE
6/18/2015Critical Elements Corporation: Annual Meeting
6/16/2015Critical Elements Announces a Closing of $600,300
6/16/20152015-06-16 Critical Elements announces a closing of $600,300
1/16/2015Options Granted
1/16/2015Critical Elements Corporation: Options Granted
12/22/20142014-12-22 Critical Elements announces second closing of $16...
12/22/2014Critical Elements Announces Second Closing of $165,000
12/2/20142014-12-02 Critical Elements announces first closing of $300...
12/2/2014Critical Elements Announces First Closing of $300,000
10/1/2014Critical Elements Confirms the Economic Potential Value of M...
8/14/2014Critical Elements Receives Positive Material Testing Results...
8/7/2014Critical Elements Corporation: Matthew Lauriston Starnes App...
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6/13/2014Critical Elements Corporation: Annual Meeting
5/14/2014Critical Elements Corporation Sends Samples of Lithium Conce...
5/13/2014Critical Elements Corporation Closes the Sale of the Croinor...
9/23/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
8/6/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
4/11/2013Hires Paradox for IR
3/19/2013Announces Closing of Second Tranche of $604,000
2/12/2013Discovers Extension of JR Zone at 500 Meters West With High ...
11/12/2012Announces Pre-Development Agreement With the Grand Council o...
9/11/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
7/12/2011Initiates the Environmental Impact Assessment for the Rose T...
5/18/2011Environmental Study
3/9/2011New OTCQX Stock Symbol
2/17/2011First Gold Changes its Name to Critical Elements
4/4/2008Breaking news
3/24/2008Announce that is has started the application process for a F...
3/17/2008Increased by 50,000 the number of common shares
2/28/2008Announce the nomination of Mr. Denis Simoneau as Chairman
2/8/2008Increased by 479,550 the number of common shares
1/31/2008Announce that Mr. Eric Leboeuf has been appointed President ...
12/20/2007Breaking news
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