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Message: Top marks for Firstgold!

Top marks for Firstgold!

posted on Jun 19, 2009 11:17AM

I think the Firstgold people are really trying to do the right thing, i.e.,

Mr. Akerfeldt provided the following update statement: "To enable Firstgold to buy time for a positive restructuring process to take place, Firstgold has completed some interim financing with existing stakeholders in the Company. It has secured approximately $500,000 in capital for the Company. $300,000 came in as new capital and another $200,000 reflects compensation converted to debt in lieu of pay for staff and directors.

It's not a lot of money, but if existing stakeholders, staff and directors are willing to keep putting money into Firstgold then I'm holding onto my shares. Good luck to them!

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