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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd
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Comment by vega509on Feb 15, 2017 9:32am
203 Views
Post# 25848013

RE:RE:RE:$5 million dollar bought financing deal. News

RE:RE:RE:$5 million dollar bought financing deal. News
Jim1712 wrote: It's excellent news. Flush with cash .   Maybe some short term pain in the stock price but overall great for the company and stock price.  

We will head much much higher now. 


Jim. 


the premarket looks like .26, roughly a 20% haircut on 270.9 million shares outstanding, or put in dollars, almost $13.5 million in lost shareholder value to get $5 million in cash.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities