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Forsys lifts private placement to $660 000, on track for 76% cost reduction by 2017

Uranium project developer Forsys Metals has increased the amount of a private placement announced on Monday by a further $120 000 to $660 000, after it received additional interest from existing and new subscribers.
The placement price has also been revised upwards by a cent to $0.06 a unit. Each unit will consist of one Class A common share and one half of one common share purchase warrant that entitles the holder to acquire a new common share at a strike price of $0.07 for a period of two years from the date of issue.