By Sheri Kasprzak
New York, Jan. 10 - Fortress Minerals Corp. said it arranged a private placement for C$5 million.
The non-brokered deal includes 4 million shares at C$1.25 each.
Proceeds will be used for exploration on the company's properties in Russia and Mongolia. The rest will be used for working capital.
Based in Vancouver, B.C., Fortress is a mineral exploration company.
| Issuer: | Fortress Minerals Corp.
|
| Issue: | Stock
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| Amount: | C$5 million
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| Shares: | 4 million
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| Price: | C$1.25
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| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 10
|
| Stock price: | C$1.25 at close Jan. 9
|
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