VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/18/10 -- FIRST BAUXITE CORPORATION (TSX VENTURE: FBX)(FRANKFURT: FBI)(BERLIN: FBI) ('First Bauxite' or the 'Company') is pleased to announce that, further to its news release issued on October 6, 2010, it has now closed the second tranche of its non-brokered private placement of 1,807,229 units (the 'Units') at a price of $0.83 per Unit, raising a total of
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