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Teslin Closes the Third and Final Tranche of Private Placement
Teslin Closes the Third and Final Tranche of Private Placement
About this update from Fjordland Exploration Inc.
[{"type":"text","content":"\nTeslin Closes the Third and Final Tranche of Private Placement\n\n\n Sep. 2, 2010 (Filing Services Canada) -- Teslin River Resources Corp. (TLR - TSX Venture), is pleased to announce that it has closed the third tranche of its non-brokered private placement raising $50,000 through the issuance of 1,000,000 non-flow-through units at a price of $0.05 per unit.  Each unit consists of one common share and one share purchase warrant, with each such share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 per share for a one year period.  The securities issued under the private placement are subject to a four month hold period expiring on December 28, 2010.The Company closed, in three tranches, a total of $293,000 of gross proceeds through the issuance of 1,250,000 units at a price of $0.05 per unit and 4,610,000 flow-through units at a price of $0.05 per flow-through unit.  A total of 322,700 broker warrants (on the same terms as the private placement) were issued and $16,135 was paid as part of a finder's fee.  About Teslin River Resources Corp.Teslin River Resources Corp.'s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values.  Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited (GFI:NYSE) is drilling under an option agreement with Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V). Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body.  Neighboring properties held by are currently the subject of significant exploration including.  ON BEHALF OF THE BOARD\"Michael Sweatman\"Michael Sweatman,President and CEONeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the a...