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| | Fri Apr 4, 2003
First Au Proposes Name Change To Cangold Limited
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| | FIRST AU STRATEGIES CORP. (TSX-V: FAV) (the "Company") announces that the Company has proposed a change of name, with no consolidation of share capital, to more accurately reflect the Company's business of exploring for and developing precious metals deposits in Canada.
The proposed name is CANGOLD LIMITED, which has been approved by the appropriate regulatory authorities. The name change is subject to shareholder approval, which will be sought at a special general meeting to be convened as soon as possible.
The Company recently closed an over-subscribed private placement for gross proceeds of $1,370,700, such that First Au is now debt-free and fully funded for its upcoming field programs.
The Company is earning a 51% interest in both the Thorn Silver-Gold-Copper Property in northwestern BC (from Rimfire Minerals Corporation) and in the Argosy Gold Mine Project in the Red Lake District of Ontario (from Wolfden Resources Inc.). Within the next 6 months, both projects will be subjected to a comprehensive exploration program, including diamond drilling.
For further information please contact Bob Archer, P.Geo., President, or Kaare Foy, CFO, at telephone 604 608 1766, or fax 604 608 1744, or e-mail oceanic@telus.net. |
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| | You can view the Next News Releases item: Thu Apr 24, 2003, First Au Mobilizes Drill To Argosy Gold Mine
You can view the Previous News Releases item: Sun Mar 30, 2003, First Au Appoints Robert Archer As Company President
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