By Sheri Kasprzak
New York, Dec. 12 - Fortress Minerals Corp. negotiated the terms of a C$12 million private placement.
The non-brokered deal includes up to 10 million shares.
Proceeds will be used for ongoing exploration at the company's Svetloye gold project in Russia. The rest will be used for working capital.
Vancouver, B.C.-based Fortress is a precious and base metals exploration company.
| Issuer: | Fortress Minerals Corp.
|
| Issue: | Stock
|
| Amount: | C$12 million
|
| Shares: | 10 million
|
| Price: | C$1.20
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Dec. 12
|
| Stock symbol: | TSX Venture: FST
|
| Stock price: | C$1.20 at close Dec. 11
|
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