forsys sale sets price, page-3

Extract from the announcement....

"TORONTO, ONTARIO--(Marketwire - Nov. 17, 2008) - Forsys Metals Corp ("Forsys" or the "Company") (TSX:FSY)(FRANKFURT:F2T)(NSX:FSY) and George Forrest International Afrique S.P.R.L. ("GFI") announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys (the "Offer") on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the "in the money" amount of any outstanding Forsys options and warrants.

The CAD$7.00 per share consideration represents a 55% premium to the average closing price of Forsys common shares on the Toronto Stock Exchange for the 20 trading days ending November 13, 2008 and a premium of 51% to the closing price on the Toronto Stock Exchange on November 13, 2008."

It further went on to add......

"About Forsys Metals Corp

Forsys Metals Corp is an emerging uranium producer in Namibia with 100% ownership in the Valencia Uranium Deposit, for which Mining Licence (ML 149) was recently granted. The Company also has an extensive portfolio of uranium exploration projects totaling over 252,000 ha located in Namibia, Africa a politically stable, mining friendly jurisdiction."

Influencial neighbours! Now it is our turn to get the sp up where some real value can be returned for years of support.