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|Tue Sep 15, 2009
Freeport Closes Flow-through Private Placement
Freeport Resources Inc. announces TSX acceptance and closing of the non-brokered private placement reported August 13, 2009. A total of 750,000 flow-through shares have been issued at $0.11, with a non-flow-through warrant for a two-year term, at $0.15 in year one, and $0.25 in year two. The flow-through funds will be used towards the Hutton garnet beaches project, as well as several others in NL and BC. Securities issued under this private placement are subject to a four month hold period, expiring January 10, 2010 pursuant to TSX Venture Exchange policies.
Freeport Resources, founded in 1981, is a junior mineral exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious and base metals, and gemstones. For more information, please visit our website at .
Freeport Resources Inc.
Brenda Clark, MAIBC
President & CEO
1-888-275-7335 (toll free)
(604) 275-7335 (tel.)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
|Thu Aug 13, 2009
Freeport Receives Hutton Bulk Sample Approval; Arranges Private Placement
Freeport Resources Inc. is very pleased to announce regulatory approval for bulk sampling at its Hutton Garnet Beaches is basically complete, with the final permit received today. This landmark development is the result of over a year's work. Selection of suitable barges is subject to availability and well underway. Collection and processing of the 5,000 tonne bulk sample will confirm logistics for commercial-scale production.
|Mon Jun 15, 2009
Freeport Advances Towards Feasibility at Hutton Garnet Beaches
Freeport Resources Inc. is advancing towards the feasibility study stage at its high grade Hutton Garnet Beaches project in Labrador, Canada. Permitting is in process for the 2009 bulk sample, and several governmental meetings were held in Newfoundland and Labrador last month to explain the proposal. The work is needed to confirm logistics for commercial-scale production. A sample of about 2000 cubic metres is planned, to develop pilot plant design and update tonnage estimates. Preliminary resource estimates of over 1.25 million tonnes garnet in October 2004 included 256,000 tonnes as a probable reserve. Production life is expected to be over 20 years, with more potential offshore. Community meeting(s) will be held prior to work commencing.
|Thu Apr 9, 2009
Freeport Updates BC Gold, Tungsten, & Fluorspar-Moly Projects
Freeport Resources Inc. is pleased to give an overview of its Spanish Mountain Gold, Red Rose tungsten-gold mine, and Q fluorspar-molybdenum projects, all located in B.C.