|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 www.freeportresources.com.
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.
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