Fjordland Announces Financing and Engages IR Consultant

About this update from Fjordland Exploration Inc.

[{"type":"text","content":"Fjordland Announces Financing and Engages IR ConsultantVANCOUVER, BC / ACCESSWIRE / September 8, 2016 / Fjordland Exploration Inc. (TSXV: FEX) announces that it plans to raise up to $1,000,000 through a non-brokered private placement (the \"Private Placement\") of up to 10,000,000 units (the \"Units\") at a price of $0.10 per Unit to accredited investors and others. Each Unit will consist of one common share of the Company (a \"Share\") and one non-transferable warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.15 for a period of 12 months from the closing date.\nThe expiry date of each whole Warrant is subject to acceleration such that, should the volume weighted average price of the common shares of the Company exceed $0.30 for ten consecutive trading days, the Company may notify the holder in writing that the Warrants will expire 20 trading days from receipt of such notice unless exercised by the holder before such date. \nIn addition to any other exemptions available, participation in the financing is also open to existing shareholders of Fjordland who as of the close of business on September 7, 2016 (\"Record Date\"), held common shares of Fjordland (and who continue to hold common shares of Fjordland at the time of closing), pursuant to the prospectus exemptions set out in B.C. Instrument 45-534 and in similar instruments in other provinces of Canada. In accordance with the Existing Shareholder Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed.\nAny existing shareholder who wishes to participate in the Private Placement is asked to please contact Janice Davies, Corporate Secretary of the Company at (604) 506-2099 or by email to: [email protected] in order to receive subscription documentation and instructions. The Offering will remain open to existing shareholders until September 30, 2016.\nUnless the Company decides to increase the gross proceeds of the Offering and receives Exchange approval for such increase and subscriptions received for the Private Placement based on all available exemptions exceed the maximum Offering amount of $1,000,000, subscriptions will be accepted at the discretion of the Company.\nThe Company intends to use the proceeds for exploration at t...

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