1136463--12/29/2008--FIRST_CORP_/CN/

related topics
{gas, price, oil}
{stock, price, share}
{interest, director, officer}
{cost, contract, operation}
{loss, insurance, financial}
{cost, operation, labor}
{acquisition, growth, future}
{stock, price, operating}
If we do not obtain additional financing, our business will fail. Because we have only recently commenced business operations, we face a high risk of business failure and this could result in a total loss of your investment. Because our executive officers have only limited experience in mineral exploration and do not have formal training specific to the technicalities of mineral exploration, there is a higher risk our business will fail. Because of the speculative nature of mineral claims exploration, there is substantial risk that no commercially exploitable minerals will be found and our business will fail. Because of the inherent dangers involved in mineral exploration, there is a risk that we may incur liability or damages as we conduct our business. If we discover commercial reserves of precious metals on our mineral claims, we can provide no assurance that we will be able to successfully place the mineral claims into commercial production. Because access to our mineral claims could be restricted by inclement weather, we could be delayed in our exploration and any future mining efforts. As we undertake exploration of our mineral claims, we will be subject to compliance with government regulation that may increase the anticipated time and cost of our exploration program. If we do not obtain clear title to our mineral claims, our business may fail. Because market factors in the mining business are largely out of our control, we may not be able to market any ore that may be found. Our President and Chief Executive Officer Has Complete Control of The Company and May Make Arbitrary Decisions that May Have a Negative Effect on Other Shareholders. If We Do Not Discover a Commercially Viable Mineral Deposit on Our Claims and Start Production We Will Have No Revenues, an Event That May Never Happen or May Take Years To Happen. There is no liquidity and no public market for our common stock and it may prove impossible to sell your shares. Our Auditors have expressed substantial doubt about our ability to continue as a going concern . We Do Not Intend To Pay Dividends In The Near Future. Because Our Stock Is A Penny Stock, Stockholders Will Be More Limited In Their Ability To Sell Their Stock.

Full 10-K form ▸

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