Business
Fortune Bay Announces an Increase to Non-Brokered Private Placement
Fortune Bay Announces an Increase to Non-Brokered Private Placement Canada NewsWir...
About this update from Fortune Bay Corp.
[{"type":"text","content":"\n\n\n\nFortune Bay Announces an Increase to Non-Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 15, 2018\n\n\n\nHALIFAX, Feb. 15, 2018 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (\"Fortune\" or the \"Company\") announces that it is increasing its previously announced non-brokered private placement to aggregate gross proceeds of up to $915,000 from $750,000 (the \"Offering\"). The Company intends to issue 2,287,500 units at an issue price of $0.40 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share of the Company at an exercise price of $0.60 per share for a period of three years.  \n\nAll other terms of the Offering remain the same.\n\nClosing of the Offering is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period in accordance with Canadian securities legislation.\n\nAbout Fortune BayFortune Bay is in the business of resource property exploration and owns 100% interests in two properties: the Goldfields Project, located in Saskatchewan, Canada and the Ixhuatán Project located in the Chiapas State of Mexico.  \n\nCautionary and Forward‐Looking Statements\n\nExcept for the statements of historical fact contained herein, certain information presented constitutes \"forward-looking information\" within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the closing of the Offering and the use of the proceeds of the Offering. While such forward-looking statements are expressed by Fortune Bay, as stated in this release, in good faith and believed by Fortune Bay to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking sta...