Twitter Facebook LinkedIn YouTube

Fortune Bay Corp. has announced a non-brokered private placement

Video Platform Video Management Video Solutions Video Player

The company is looking to raise gross proceeds of up to $2 million from the placement of up to approximately 5.7 million units (5,714,286) priced at $0.35 per unit. Each unit consists of one share and one-half a warrant, with the full warrant exercisable at $0.50 for 36 months.

Additional Information:

Company: Fortune Bay Corp.
Website: http://www.FortuneBayCorp.com
Stock Symbol: TSXV: FOR
Date Published: Feb 28, 2020
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Fortune Bay Corp. has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $2 million from the placement of up to approximately 5.7 million units (5,714,286) priced at $0.35 per unit.

Each unit consists of one share and one-half a warrant, with the full warrant exercisable at $0.50 for 36 months.

The shares are currently trading at $0.43.

The company anticipates using the proceeds to fund the operating costs and the maintenance and exploration at Fortune Bay's Goldfields Project and Ixhuatán Project.

The Goldfields Project, located in northern Saskatchewan, near Uranium City, is Fortune Bay’s most advanced gold asset.

It consists of a 100% ownership interest in two deposits, known as the Box and Athona deposits, which are large, multi-million tonne open pit deposits.

The Ixhuatán Project is also 100% owned and consists of the Rio Negro concession in the Chiapas State of Mexico.

The Rio Negro concession is host to the Campamento gold deposit and several gold and gold-silver mineralized zones and exploration targets.

The offering will be led by Numus Capital Corp., the Exempt Market Dealer supporting the issuers partnered with Numus Financial.

For more information contact Jim Megann at 902-405-4600 or by email at info@NumusFinancial.com.

For more information, please visit the company’s website at www.FortuneBayCorp.com, contact Sarah Oliver, CFO, at 902-422-1421 or by email at info@FortuneBayCorp.com.

I’m Nadika Viswakula for Investmentpitch Media