Non-brokered offering will fund acquisitions, general working capital
By Devika Patel
Knoxville, Tenn., Dec. 16 - Fortress Minerals Corp. said it plans a non-brokered private placement of stock. It will raise C$15 million.
The company will sell 5 million common shares. The shares will be sold at C$3.00 apiece, a 13.04% discount to C$3.45, the Dec. 15 closing share price.
Proceeds will be used toward future acquisitions and general working capital purposes.
Vancouver, B.C.-based Fortress is a precious and base metals exploration company.
| Issuer: | Fortress Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$15 million
|
| Shares: | 5 million
|
| Price: | C$3.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 16
|
| Stock symbol: | TSX Venture: FST
|
| Stock price: | C$3.45 at close Dec. 15
|
| Market capitalization: | C$32.68 million
|
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