Fortune Minerals Ltd T.FT

New Press Release - Acquisition of Securities of Fortune Minerals Limited

Toronto, Ontario--(Newsfile Corp. - June 27, 2023) - LRC-AUN LLP ("LRC") announces that it has sold in a private transaction, 75,500,000 common shares of Fortune Minerals Limited (TSX: FT) (the "Company") at a price of approximately $0.01 per share (the "Transaction"). Immediately prior to the...read article.

[Nemesis]

Here's the explanation for the shares bought at $0.01 reported on SEDI! I think this press release confirms that a financing or buyback announcement is coming. Things are falling into place ... and Lascaux Resource Capital (LRC-AUN LLP) is not part of the deal, at least at the equity level. This sale at $0.01 per share is probably the counterpart paid to buy the votes to support an eventual

[Pandora]

Funny how the headline talks about "acquisition" and then the printed story is all about "disposition" or "sale". But when you sell there has to be a buyer hence acquisition!! :-))

[red]

Probably over thinking this but acquiring an asset / liability at .08 and selling at .01 is not making a lot of sense to me unless there is some underlying event yet to unfold....which has to be the case, a day before the AGM ? Does our board have an agenda? maybe there is a rabbit yet to be pulled from the FT hat. I will run with your thinking something positive is up.