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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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Post by stocksnbonds458on Nov 10, 2018 4:42pm
186 Views
Post# 28955617

360,209,000 shares out fully diluted

360,209,000 shares out fully diluted
Quite a bit of paper out there for this one, 338M shares plus 22M options and warrants.  Was surprised to see that after 22 years running this ship that Robin Goad has only 1.13% of the shares @ 3.8M total. Would have thought he would have a lot more skin in the game. In fact all Officers and Directors combined have a total of only 3.45% of outstanding shares, a relatively low number in the Junior mining sector. Proconn and China Mining come in at 15.44% combined. 81% of shares are widely held.

1.  Procon Resources Inc.
  36,967,871 10.92% S.O.
2.  China Mining Resources Group Limited
  15,317,800 4.52% S.O.
3.  Doumet, George Michel
  4,456,324 1.32% S.O.
4.  Goad, Robin Ellis
  3,814,614 1.13% S.O.
5.  Ramsay, Yazmarr David
  807,571 0.24% S.O.
Top 5 Equity (Non-derivative) Holders   ?
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Dealroom for high-potential pre-IPO opportunities