Forest Gate Energy Inc. reports that it has completed a private placement by issuing an aggregate of 3,666,666 flow-through units at a price of $0.06 per unit to two limited partnerships forming part of the MineralFields Group of Toronto, Ontario, for gross proceeds to Forest Gate of $220,000.

Forest Gate Energy Inc. reports that it is arranging a non-brokered private placement up to $220,000 by issuing an aggregate of up to 3,666,666 flow-through units at a price of $0.06 per unit.

Forest Gate Energy Inc. reports that its mineral group is in the process of acquiring an iron bearing-property in the Abitibi region of Quebec, approximately 160 kilometres southeast of Val d'Or and 145 kilometres south of the Pershing Iron property.

Forest Gate Energy Inc. reports that it has completed a non-brokered private placement by issuing an aggregate of 2,500,000 mineral flow through units at an issue price of six cents per Unit for gross proceeds to Forest Gate of $150,000.

Forest Gate Energy Inc. reports that its mineral exploration group is in the midst of planning its fall exploration program at its 100 percent-owned Pershing iron and gold property located near Val d'Or, Quebec.