Fjordland Closes Tranche One of Non-Brokered Private Placement

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[{"type":"text","content":"Fjordland Closes Tranche One of Non-Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Fjordland Exploration Inc. (TSX-V: FEX) reports that a portion of the non-brokered private placement announced on September 8, 2016 has closed and a total of 2,521,500 Units at a price of $0.10 per Unit have been issued for gross proceeds of $252,150.\nEach Unit consists of one common share and one transferable share purchase warrant (the \"Warrants\"), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.15 per common share until September 27, 2017. The 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.\nFinder's fees were paid as follows: $1,200 and 12,000 Finder's Warrants to Canaccord Genuity Corp.; $1,200 and 12,000 Finder's Warrants to Haywood Securities Inc.; $US595 to Cowboy Capital Management LLC. The Finder's Warrants have the same terms as the Warrants.\nCommon shares issued in connection with this private placement and all common shares issuable upon exercise of Warrants and Finder's Warrants, are subject to a four month hold period and may not be traded until January 28, 2017.\nMr. Richard Atkinson, President & CEO, announces that Fjordland has learned, based on this mornings news release issued by CanAlaska Uranium Ltd (\"CanAlaska\") that DeBeer's has terminated the autumn drill program earlier than expected. Wet weather hampered the program and several intended land based targets have been deferred to the winter drill program. Mr. Atkinson states that while today's news is disappointing he, along with CanAlaska's management is encouraged that the winter drill program is expected to proceed as planned.\nThe salient paragraphs of CanAlaska's release are quoted below:\n\"CanAlaska Uranium Ltd. \"the Company\" (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (\"CanAlaska\" or the \"Company\") has been informed by De Beers Exploration that seven of 11 anomalies originally targeted as accessible for the summer program at the West Athabasca project were ...

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