New Issue: Firstgold settles $2.55 million private placement of units

By Sheri Kasprzak

New York, May 11 - Firstgold Corp. closed a private placement for $2,552,900.

The company issued 5,673,110 units of one share and one half-share warrant at $0.45 each.

The whole warrants are exercisable at $0.65 each for 18 months.

Cameron Park, Calif.-based Firstgold is a gold exploration, development, acquisition and production company.

Issuer:	Firstgold Corp.
Issue:	Units of one share and one half-share warrant
Amount:	$2,552,900
Units:	5,673,110
Price:	$0.45
Warrants:	One half-share warrant per unit
Warrant expiration:	18 months
Warrant strike price:	$0.65
Settlement date:	April 12
Stock symbol:	OTCBB: FGOC
Stock price:	$0.61 at close April 12

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