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News Releases 2009

December 10, 2009
Feasibility Study Progress
First Bauxite is pleased to announce that it is achieving significant progress in the preparation of a Feasibility Study for the development of the Bonasika Refractory Bauxite Project. The Company has also commenced sonic drilling of the bauxite deposits contained in the Waratilla-Cartwright Prospecting License. The aim of this drilling is to explore the extent, quality and continuity of the deposits and to prepare a NI 43-101 compliant resource estimate.
December 02, 2009
FIRST BAUXITE CORPORATION TO PRESENT AT AGORACOM ONLINE GOLD AND COMMODITIES CONFERENCE
Vancouver, B.C. – FIRST BAUXITE CORP. (“First Bauxite” or the “Company”) The Company is pleased to announce it has been invited to present in the first ever AGORACOM Online Gold & Commodities Conference (http://agoracom.com/conferences) on December 3rd and 4th, 2009. Presenting companies are limited to a maximum of 50 and selected by invitation only in order to maintain a high standard of quality for attending investors. Presenting companies will be active in industries that include precious metals, base metals, rare metals, oil & gas and clean energy technologies.
November 30, 2009
First Bauxite Corporation to be featured on CEO Clips airing on BNN
First Bauxite is pleased to announce that CEO Clips, a series of 1-2 minute corporate profiles on Canadian companies, will feature First Bauxite on BNN beginning Nov 30th, 2009. It can also be viewed online at www.firstbauxite.com. In addition it will be posted on Yahoo Finance Canada, www.stockhouse.ca and MSN Finance as well as ceoclips.com
October 27, 2009
FIRST BAUXITE CORPORATION COMMISSIONS MET-CHEM TO CONDUCT FULL FEASIBILITY STUDY OF BONASIKA BAUXITE PROJECT
Vancouver, B.C. – FIRST BAUXITE CORP. (“First Bauxite” or the “Company”) First Bauxite is pleased to announce that it has entered into an agreement with Met-Chem Canada Inc. (“Met-Chem”) of Montreal, Quebec, Canada whereby Met-Chem has been engaged to conduct a full Feasibility Study of the Company’s 100% owned Bonasika bauxite deposits in Guyana.
July 31, 2009
First Bauxite Corporation announces closing of non-brokered Private Placement
Vancouver, B.C. – FIRST BAUXITE CORPORATION (“First Bauxite” or the “Company”) is pleased to announce that it has closed its non-brokered private placement of 1,378,530 units (the “Units”) at a price of $0.83 per Unit, raising a total of $1,144,180.
July 24, 2009
FIRST BAUXITE CORPORATION AND PACIFIC ROAD RESOURCES FUNDS CLOSE FINANCING AND RELEASE $5,000,000 TO FUND PRE-FEASIBILITY STUDY AT BONASIKA
First Bauxite and the Pacific Road Resources Funds (the "Subscribers") are pleased to announce that, further to the June 29, 2009 joint news release, they have closed the escrow portion and released $C5 milllion of gross proceeds (the “Escrow Release Closing”) concluding the first phase of a two phase financing. On the Escrow Release Closing, the Escrowed Proceeds were released from escrow to the Company in exchange for the release from escrow and the issuance and delivery of convertible notes in the aggregate principal amount of C$5 million (the “Escrowed Notes”) to the Subscribers.
July 17, 2009
First Bauxite Corporation Announces Non-Brokered Private Placement
Vancouver, B.C. – FIRST BAUXITE CORPORATION (“First Bauxite” or the “Company”) is pleased to advise that the Company will be proceeding with a non-brokered private placement for 1,378,530 units (the “Units”) at a price of $0.83 per Unit to raise total proceeds of $1,144,180.
June 29, 2009
FIRST BAUXITE CORPORATION CLOSES PHASE 1 FINANCING WITH PACIFIC ROAD RESOURCES FUNDS TO FUND PRE-FEASIBILITY STUDY AT BONASIKA MINING LICENSE, GUYANA
First Bauxite Corporation. (“First Bauxite” or the “Company”) First Bauxite (FBX: TSX-V), Vancouver, B.C., Phase 1 Financing - Principal Terms of Closing First Bauxite and the Pacific Road Resources Funds (the "Subscribers") are pleased to announce that, further to the June 4, 2009 joint news release, they have closed Phase 1 (the "Phase 1 Financing") of a two phase financing, pursuant to a note purchase agreement for gross proceeds of C$8 million to the Company.
June 04, 2009
First Bauxite Corporation Enters Into Major Financing Arrangement With Pacific Road Resources Funds To Fund Pre-Feasibility Study At Bonasika Mining Licence, Guyana
First Bauxite Corporation Enters Into Major Financing Arrangement With Pacific Road Resources Funds To Fund Pre-Feasibility Study At Bonasika Mining Licence, Guyana First Bauxite Corporation. (“First Bauxite” or the “Company”) First Bauxite (FBX: TSX-V), Vancouver, B.C., is pleased to announce a financing which, when completed, will be used primarily to fund a pre-feasibility study on the Bonasika Mining Licence in Guyan, the purchase of a drill rig and additional drilling on its Bonasika Waratilla-Cartwright bauxite licenses in Guyana, and upon receipt of a positive pre-feasibilty study, to fund development and construction of a mine and processing facilities for the high-alumina refractory grade bauxite deposits within the Comapany’s mining licenses.
April 16, 2009
FIRST BAUXITE ANNOUNCES RESULTS FROM FIRST TWO HOLES SAMPLED ON WARATILLA-CARTWRIGHT PL AND BONASIKA 1 RESULTS FROM ONGOING SONIC DRILL PROGRAM IN GUYANA
First Bauxite Corporation is pleased to announce results from 30 Sonic Drill Holes from the Phase II Drilling of the Bonasika 1 Bauxite deposit which has started in mid-January. The company is also pleased to report the results from the first two holes it has analysed from its adjacent Waratilla-Cartwright Prospecting Licenses (Warcart PL).
April 14, 2009
First Bauxite Corporation Closes Its Non Brokered Private Placement
First Bauxite Corporation Closes Its Non Brokered Private Placement First Bauxite Corporation. (“First Bauxite” or the “Company”) First Bauxite (FBX: TSX-V), Vancouver, B.C., is pleased to announce that it has closed its non brokered private placement (the "Private Placement") of 1,520,000 units at $0.70 per unit (each a "Unit") for total gross proceeds of $1,064,000. Each Unit consists of one common share and one half of a transferable share purchase warrant (each a "Warrant"). Each whole Warrant is exercisable into one additional common share of the Company at a price of $1.00 per common share for a period of two years, until April 14, 2011
March 26, 2009
FIRST BAUXITE CORPORATION ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
First Bauxite (FBX: TSX-V), Vancouver, B.C., is pleased to announce that it has arranged, subject to TSX Venture Exchange approval, a private placement of 1,520,000 units at $0.70 per unit for total gross proceeds of $1,064.000.
February 12, 2009
First Bauxite Announces Grant of Stock Options
The Company announces that it has granted an aggregate 1,000,000 incentive stock options to directors, officers and employees. All these stock options are exercisable at a price of $.80 per share for a period of five (5) years ending February 12, 2014.
February 11, 2009
FIRST BAUXITE CORP. ANNOUNCES RESTARTING OF DRILLING AT BONASIKA 1 AND RECEIPT OF ALL OUTSTANDING ASSAY RESULTS FROM BONASIKA 5 SONIC DRILL PROGRAM IN GUYANA
First Bauxite is pleased to announce that following the very encouraging results of Phase I exploration work at Bonasika 1, drilling was re-started on this bauxite deposit in mid-January. The objective of this Phase II drilling is to extend the resource along what is now a well defined SW
January 12, 2009
First Bauxite announces assay results from nine SONIC drill holes on the Bonasika 5 Deposit in Guyana
First Bauxite Corp (FBX: TSX-V) is pleased to announce that ACME Laboratories (“ACME”) has reported analytical results from 173 unwashed bauxite samples submitted from nine (9) sonic drill holes
January 07, 2009
FIRST BAUXITE ANNOUNCES PRIVATE PLACEMENT OF UNITS AT $0.72 FOR GROSS PROCEEDS OF UP TO $5,040,000
The Company is pleased to announce a private placement led by Union Securities Ltd. (the “Agent”) for a minimum of 2,800,000 units and up to a maximum of 7,000,000 units at a price of $0.72 per unit (each a “Unit”) for minimum gross proceeds of $2,016,000 and maximum gross proceeds of $5,040,000