Forsys Metal Corp.

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Forsys Closes Non-Brokered Private Placement

TORONTO, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement by issuing 3,235,294 units at $0.17 per unit for gross proceeds of C$550,000.

Each unit consists of one Class A Common Share and one half of one Common Share purchase warrant, whereby each full warrant entitles the holder to acquire a new Common Share in Forsys at a price of $0.23 for a period of two years from the date of issue. All securities issued pursuant to the private placement are subject to a four-month and one-day hold period from the closing date.

Proceeds from the private placement will be used to fund the Norasa Uranium project in Namibia, as well as for general working capital purposes.

About Forsys Metals Corp.
Forsys Metals Corp. is an emerging uranium producer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa, a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant Resource and Reserves at Valencia and Namibplaas are available on the Company website. Shares outstanding: 156.9m

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Bullish comments

https://www.youtube.com/watch?v=MnZuZfZmAok

starts at 5:21

[steelpiston71]

Tied a 3 year plus high at .28 today.

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Forsys Metals Corp
New 52 Week High



Forsys Metals although low grade, is fully permitted and is supposed to be the world’s six largest producer .


Looking for permitted companies that can be producing soon. Forsys is one of them, for sure.

[atlevan]

Fahy Capital Management,
Published July 16, 2018 by Tom Fahy
Forsys Metals — An Analysis of Book Value at $65/lb U308


https://blog.fahy.co/forsys-metals-an-a ... ook-value/

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Forsys Metals Corp is an innovative uranium development Company, with a dynamic management team with strong African mining experience, focused on creating shareholder value by developing uranium assets in Namibia, Africa. The Company’s flagship Norasa Uranium Project is 100% owned, permitted and has a large NI 43-101 Resource and Reserve. Norasa is one of the world’s premier undeveloped uranium projects, and is only the third Mining Licence to be granted within the last few decades in Namibia.



The Norasa has NI 43-101 compliant Reserves of 90.7 Mlbs U3O8 supporting a 15 year mine life included in Measured and Indicated Resources of 115.0 Mlbs U3O8 with a further 11.0 Mlbs inferred U3O8. Power, water and transport resources are available and the Namibian government has signalled a strong commitment to ensuring the success of Norasa.

[atlevan]

Golden Cross is taking place

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