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Stocks in play: Fortune Bay Corp.

Baystreet.ca
·1 min read

Intends to complete a non-brokered private placement for aggregate gross proceeds of up to $5,500,000. The Company intends to issue up to 3,076,923 units and up to 4,545,454 flow through shares. Each unit will be issued at a price of $0.65 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 $0.85 per share for a period of two years. The flow through shares will be issued at a price of $0.77 per share. Fortune Bay Corp. shares V.FOR are trading unchanged at $0.69.

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