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Procon Announces Filing of Early Warning Report

Newsfile Corp.
·1 min read

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2021) - Procon Holdings Inc. ("Procon"), as successor to Procon Resources Inc., announces that as a result of the issuance of 2,499,970 common shares by Fortune Minerals Limited (the "Company") pursuant to the first tranche of a private placement completed earlier this month, it now holds less than 10% of the total issued and outstanding shares of the Company.

Immediately prior to the completion of the first tranche, the shares of the Company held by Procon represented approximately 10.056% of the total issued and outstanding shares of the Company. Immediately after the private placement, the shares of the Company held by Procon represented approximately 9.988% of the total issued and outstanding shares of the Company, a decrease of 0.067%.

This press release is issued pursuant to National Instrument 62-103 - "The Early Warning System and Related Take-Over Bid and Insider Reporting Issues", which also requires that an early warning report be filed under the Company's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters.

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The Company's head office is located at 617 Wellington Street, London, Ontario N6A 3R6. For inquiries or a copy of the early warning report required under Canadian securities legislation with respect to the matters referred to in this press release, please contact:

Procon Holdings Inc.
Mr. John McVey
Phone number: 604-291-8292
Email address: jmcvey@procongroup.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105792