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Bullboard - Stock Discussion Forum
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.
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TSX:FT - Post Discussion
Fortune Minerals Ltd
> PROCON Resources Inc. Has 36,967,871 FT Shares ?
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•••
ztransforms173
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Post by
ztransforms173
on May 01, 2024 9:16am
PROCON Resources Inc. Has 36,967,871 FT Shares ?
from SEDI:
Filed
2021-12-02
14:03
Tx date
2018-06-20
$FT
Fortune Minerals Limited
McVey, John Wallace
4 - Director of Issuer
Holder: Procon Resources Inc. (Control or Direction)
Common Shares
00 - Opening Balance-Initial SEDI Report
36,967,871
- I am ASSUMING that they STILL HOLD these FT shares since
INSIDE DIRECTOR John Wallace McVey
NEVER UPDATED SEDI on PROCON RESOURCES INC. FT HOLDINGS
z173
(145)
•••
Jim1712
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Comment by
Jim1712
on May 01, 2024 10:28am
Procon is not an insider any longer. They have less than 10 percent. JIM
(874)
•••
ztransforms173
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Comment by
ztransforms173
on May 01, 2024 10:41am
- YES, I know that - however, DIRECTOR John Wallace McVey would have BEEN OBLIGATED to REPORT TO SEDI even IF the PROCON shares were LESS THAN 10% of the FT S/O since he is STILL A INSIDE DIRECTOR of Fortune Minerals and HE WAS in the CONTROL POSITION at Procon Resources; being the CEO - based on the above rationale, Procon still OWNS 36,967,871 FT shares - Fortune Minerals INSIDERS MUST
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