By Sheri Kasprzak
New York, June 28 - Fortune Minerals Ltd. wrapped a private placement for C$7,227,750.
The company sold 2,095,000 flow-through shares at C$3.45 each.
The deal was conducted through a syndicate of agents led by Desjardins Securities Inc. and including TD Securities Inc. and Octagon Capital Corp.
Proceeds will be used for exploration on the company's Mount Klappan anthracite coal deposits in British Columbia and on the Nico gold-cobalt-bismuth deposit in the Northwest Territories.
Located in London, Ont., Fortune is a mineral exploration company.
| Issuer: | Fortune Minerals Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$7,227,750
|
| Shares: | 2,095,000
|
| Price: | C$3.45
|
| Warrants: | No
|
| Placement agents: | Desjardins Securities Inc. (lead), TD Securities Inc., Octagon Capital Corp.
|
| Settlement date: | June 28
|
| Stock symbol: | Toronto: FT
|
| Stock price: | C$2.67 at close June 28
|
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