MAPLE RIDGE, British Columbia, Dec. 28, 2017 (GLOBE NEWSWIRE) -- On December 20, 2017, Ronald Lang (the “Offeree”), former director and executive officer of First Energy Metals Limited (the “Company”), transferred ownership of 15,000,000 common shares (the “Shares”) of the Company. The Shares transferred by the Offeree represent approximately 33.7% of the issued and outstanding common shares of the Company on an undiluted basis.
After giving effect to the transfer of the Shares, the Offeree owns or controls 2,275,000 Shares of the Company, representing 6.1% of the issued and outstanding Shares of the Company. The Offeree does not hold any securities convertible into common shares of the Company. The Offeree transferred the Shares via private sale. The Offeree may increase or decrease his holdings in the Company in the future if he considers such increase or decrease to be warranted.
As prescribed by applicable securities legislation, the Offeree has filed a report via SEDAR with securities regulators detailing the above transaction. A copy of the report may be obtained directly from www.sedar.ca or may be requested via telephone from Mr. Lang at 604-657-5235.
/s/ Ron Lang
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