Fortune Bay Corp. plans to raise up to $700,000 through a non-brokered private placement to support its ongoing mining projects.
Target Information
Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) is a publicly traded exploration and development company based in Halifax, Nova Scotia. The Company is focused on advancing its gold and uranium projects in Canada, particularly in areas with significant mineral potential.
As of October 13, 2023, Fortune Bay has announced plans to conduct a non-brokered private placement aimed at raising aggregate gross proceeds of up to $700,000. This placement will involve issuing up to 3,043,478 units, priced at $0.23 each, where each unit consists of one common share and one common share purchase warrant.
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Industry Overview
The mining sector in Canada is a vital part of the national economy, contributing significantly to GDP and employing thousands of workers across the country. In Nova Sc
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Disclosed details
Transaction Size: $1M