By Laura Lutz
Des Moines, Sept. 29 - Fortress Minerals Corp. arranged a private placement for up to C$1.8 million.
The company plans to sell up to 2 million common shares at C$0.90 each.
The deal will be non-brokered.
Proceeds will be used for exploration at the company's Svetloye gold project in the Russian Far East and for working capital.
Fortress Minerals is a Vancouver, B.C.-based mineral exploration company with projects in Russia, Mongolia and Nicaragua.
| Issuer: | Fortress Minerals Corp.
|
| Issue: | Stock
|
| Amount: | C$1.8 million
|
| Shares: | 2 million
|
| Price: | C$0.90
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 28
|
| Stock symbol: | TSX Venture: FST
|
| Stock price: | C$0.91 at close on Sept. 28
|
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