By Devika Patel
Knoxville, Tenn., June 12 - Fortune Valley Resources Inc. said it will sell C$2 million of units in a private placement.
The company will sell 10 million units at C$0.20 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.30 for one year.
Proceeds will be used for exploration and development of the company's mineral projects and for working capital.
Based in Vancouver, B.C., Fortune Valley is a mineral exploration company.
| Issuer: | Fortune Valley Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 10 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.30
|
| Warrant expiration: | One year
|
| Pricing date: | June 12
|
| Stock symbol: | TSX Venture: FVX
|
| Stock price: | C$0.20 at close June 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
