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Bullboard - Stock Discussion Forum Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > FT RAISED $ 880,000.00 GROSS FINANCING On 12/14/2023
View:
Post by ztransforms173 on Jan 03, 2024 4:16pm

FT RAISED $ 880,000.00 GROSS FINANCING On 12/14/2023

- from SEDAR:

Form 45-106F1 REPORT OF EXEMPT DISTRIBUTION



- ISSUED 22,000,000 FT COMMON SHARES @ $0.04 per share 

-
ISSUED 11,000,000 FT WARRANTS

* EXPIRY DATE: 12/14/2025

* EXERCISE PRICE: $ 0.07 per share

^^^

COMPENSATION #1:

- 880,000 BROKER WARRANTS:


* EXPIRY DATE: 12/14/2025

* EXERCISE PRICE: $ 0.05 per share

COMPENSATION #2:

- 880,000 BROKER WARRANTS:


* EXPIRY DATE: 12/14/2025

* EXERCISE PRICE: $ 0.05 per share

- CASH COMMISSION PAID: $ 70,400.00 (8%)

^^^

- NET FINANCING:   $ 809,600.00


z173
Comment by jpm59 on Jan 03, 2024 4:28pm
ok, now, once they do their Reverse split , then let the sp settle down, it then may be time to get in. jmo,, too many o/s
Comment by ztransforms173 on Jan 03, 2024 4:38pm
- it 'APPEARS' that the GOVERNMENT GRANT MONEY  {$887,170.00} was MATCHED by PRIVATE INVESTOR(S) on a dollar for dollar basis (NOT necessarily for the SMALL SCALE PILOT PROCESS PLANT) nine days later z173
Comment by Jim1712 on Jan 03, 2024 4:42pm
Nice work ! Jim. 
Comment by geolith on Jan 04, 2024 9:40am
Well done team.  Tough to raise any funds.  Doind so over the holiday period is amazing.
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