Fire River arranges $2-million private placement

2010-04-16 17:37 ET - News Release

An anonymous director reports

FIRE RIVER GOLD ANNOUNCES $2.0 MILLION NON-BROKERED PRIVATE PLACEMENT

Fire River Gold Corp. has arranged a non-brokered private placement of up to five million units at a purchase price of 40 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share in the capital of the company and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of the company for a period of 18 months from the date of closing at a price of 60 cents per share.

The proceeds from the private placement will be used for the exploration and development of the Nixon Fork gold mine in Alaska and for general working capital.

A finder's fee may be paid in relation to this financing, in accordance with regulatory policies. The foregoing financing is subject to regulatory approval.

In addition, the company, pursuant to Stockwatch news from Jan. 11, 2010, announcing the engagement of Moody Capital as the company's adviser and listing agent for the company's listing on the OTCQX exchange, the company has issued, for services rendered, a total of 35,000 common shares at a deemed value of 40 cents per share for a total of $14,000 as payment in full.

About Moody Capital Solutions Inc.

Moody Capital Solutions Inc. provides capital formation and merger and acquisition services. The firm offers private equity placement, mezzanine debt, senior debt, registered directs, reverse mergers, alternative public offerings, private investments in public entities and equity private placements services. Additionally, it offers buy-side, corporate sales and divestitures, fairness opinions, going-private transactions, board of directors, strategic alternatives and recapitalization advisory services. The firm's clientele includes Adherex Technologies, Amarillo BioScience, Bodisen BioTech, Celsius Holdings Inc., Clarient Inc., DOR BioPharma, Duska Therapeutics, Forbes Medi-Tech, GeoVax Labs Inc., Hemisphrex BioPharma and Pipex Pharmaceuticals. Moody Capital Solutions Inc. is based in Dawsonville, Ga. with additional offices in Tampa, Fla., and Scottsdale, Ariz.