News Releases 2009
December 10, 2009
Feasibility Study
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
July 24, 2009
Escrow Release Financing - Principal Terms of Closing
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.
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 Corp. Announces Results From First Two Holes Sampled On Waratilla-Cartwright PL and Bonasika 1 Results from Ongoing Sonic Drill Program in Guyana
First Bauxite Corp. 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. (“First Bauxite” or the “Company”) First Bauxite (FBX: TSX-V), Vancouver, B.C., 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 Corporation Announces 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 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.