Fortune Bay Corp. is pleased to announce plans for the second half of 2020, focused on advancing the Goldfields Project located in northern Saskatchewan. A location and infrastructure map for Goldfields is provided in Figure 1. Plans for the Goldfields Project in the upcoming months include the following: Mineral resource modelling and estimation, with the objective of completing an updated mineral resource estimate [...]
Fortune Bay Corp. announces that the Board of Directors of the Company has approved the granting of 500,000 incentive stock options pursuant to the Company's Stock Option Plan to Mr. Dale Verran. The Options are exercisable at a price of $0.79 per share and expire on June 15, 2025. 250,000 of the Options vest over a three-year period and 250,000 of the Options vest based on certain performance criteria being met. About [...]
Fortune Bay Corp. today announces the appointment of Mr. Dale Verran as its new Chief Executive Officer effective June 15, 2020. Mr. Verran has over twenty years of experience in the mining and mineral exploration industry in Canada and internationally, including fifteen years in executive management roles at private and public companies. Mr. Wade Dawe will step down as Chief Executive Officer and will continue with the [...]
Fortune Bay Corp. is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $2,750,000 . The Company issued 7,857,144 units at an issue price of $0.35 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an exercise price of [...]
Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,750,000 . The Company intends to issue up to 7,857,143 units at an issue price of $0.35 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an exercise [...]
Fortune Bay Corp. today announced that it intends to defer its previously announced non-brokered private placement. The Company will consider a private placement at a future date when fewer economic and market uncertainties exist. About Fortune Bay Fortune Bay is in the business of resource property exploration and owns 100% interests in two properties: the Goldfields Project, located in Saskatchewan, Canada and the [...]
Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,000,000 . The Company intends to issue up to 5,714,286 units at an issue price of $0.35 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an exercise [...]
Fortune Bay Corp. announces that the board of directors of the Company has approved the granting of 250,000 incentive stock options pursuant to the Company's Stock Option Plan. Directors, officers and employees were awarded 100,000, 100,000 and 50,000 stock options respectively. The Options are exercisable at a price of $0.31 per share, expire on October 11, 2024 and vest over a three-year period. About Fortune Bay [...]
HALIFAX, March 5, 2018 /CNW/ - Fortune Bay Corp. announces that the board of directors of the Company has approved the granting of 175,000 incentive stock options pursuant to the Company's Stock Option Plan. Directors, officers and employees were awarded 100,000, 50,000 and 25,000 stock options respectively. The Options are exercisable at a price of $0.45 per share, expire on March 5, 2023 and vest over a three-year [...]
HALIFAX, Feb. 22, 2018 /CNW/ - Fortune Bay Corp. is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $915,000 . The Company issued 2,287,500 units at an issue price of $0.40 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share of the Company at an [...]
HALIFAX, Feb. 15, 2018 /CNW/ - Fortune Bay Corp. announces that it is increasing its previously announced non-brokered private placement to aggregate gross proceeds of up to $915,000 from $750,000 . The Company intends to issue 2,287,500 units at an issue price of $0.40 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share of [...]
HALIFAX, Jan. 22, 2018 /CNW/ - Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $750,000 . The Company intends to issue 1,875,000 units at an issue price of $0.40 per unit, with each unit comprised of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share of the Company at an [...]
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