Fortune Graphite Inc. - Share Exchange Agreement with Fortune Singapore
Wednesday September 17, 2014
FOR IMMEDIATE RELEASE
TORONTO, ONTARIO - (September 17, 2014) Fortune Graphite Inc. (GXG Markets:
FORT) (the "Company") is pleased to announce that it has concluded the special
Shareholders Meeting (the "Meeting") held on Tuesday September 16, 2014 with
shareholders agreeing to a share exchange with Fortune Graphite Pte. Ltd. of
Singapore
However, the shareholders have instructed the board of directors not to proceed
with the share exchange agreement until due diligence has been completed and
not to proceed if, upon the completion of due diligence, it is not in the best
interest of the company shareholders to proceed. The closing date will be
determined pending the completion of due diligence.
The share exchange agreement will exchange every 1.54 shares of Fortune
Graphite Inc. with 1 share of Fortune Graphite Pte. Ltd. of Singapore. No
capital gains or financial burdens for the shareholders will arise from this
transaction
For Further Information Contact:
Dr. Claus Wagner-Bartak,
President and CEO
Fortune Graphite Inc.
260 Queen's Quay West #3104
Toronto, Ontario M5J 2N3 Canada
T: 866 209-0451, 416 367-8240
F: 416 367-8334
E:info@globalmineralresources.com
About Fortune Graphite Inc.
Fortune Graphite Inc. is a Canadian company in British Columbia that identifies
valuable mining properties bearing Graphite Carbon, Gold, Silver & other
precious metals. The company has acquired a group of mineral claims in the
Slocan Mining Division; a known graphite mineral-bearing region of British
Columbia, Canada. The property is in an advanced stage of exploration. For
additional information on the company and its properties, please visit
www.fortunegraphite.com
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain statements above constitute forward-looking statements with respect to
Fortune Graphite Inc. and affiliated companies. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the companies to be
materially different from any further results, performance or achievements
expressed or implied by such forward-looking statements.
__________________________________
Dr. Claus Wagner-Bartak, President and CEO
Fortune Graphite Inc.