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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Comment by elitespooneron Jun 16, 2021 11:06am
121 Views
Post# 33395154

RE:RE:financing ?

RE:RE:financing ?IMO

I believe its Good Disclosure for shareholders to be informed....

For Example:


Number of securities:  ............. common shares

Purchase price:  ....... per common share

Warrants:  .......common share purchase warrants to purchase ........ shares

Warrants' exercise price:  ....... for ........ years following the closing of the private placement

Number of placees:  ............ placees

Insiders/pro groups:  none

Finder's fee:  ................... received a cash commission equal to ........... and .......... common share purchase warrants to purchase ......... common shares of the company. Each broker warrant entitles its holder to acquire ............. share of the company at a price of .............. per common share for a period of ........... years following the closing.

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