OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, May 15, 2017 – First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company“) is pleased to announce that it has arranged a non-brokered private placement to raise gross proceeds of up to $830,000 (the “Offering“). The Offering will consist of up to 8,300,000 common shares (the “Shares“) at $0.10 per Share in the capital stock of the Company.
The proceeds raised from the Offering will be used by First Point for a minimum 2,000-metre step-out drilling program to test the southeast extension of the Baptiste deposit at the Company’s flagship Decar nickel project, and for general working capital purposes. The timing and scope of the proposed drilling program is subject to receipt of necessary permits.