MONTREAL,
QUEBEC--(Marketwire - March 12, 2010) -
Freeport
Capital Inc. (CNSX:FAS) Has closed a 4th Tranche of 84,000 shares
for proceeds of $21,000 of a non-brokered private placement financing of up to
4,000,000 (CNSX:FAS) Shares for gross proceeds of up to $1,000,000, at a price
of $0.25 per share with a Warrant attached of $0.40 on a 1 for 1 basis.
Freeport Capital Inc. (CNSX:FAS) expects to close subsequent tranches of the
private placement for additional gross proceeds of up to $744,000 on or before
March 31, 2010.
About
Freeport Capital Inc. (CNSX:FAS)
Freeport Capital Inc. (CNSX:FAS) provides innovative
Internet-based point-of-sale (POS) technology solutions for businesses and
consumers worldwide. For more information, please visit www.freeportcap.com.
The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.