The Company intends to use the net proceeds of the Offering for the development of the La Guitarra Property, advancement of engineering studies, and general working capital purposes.
Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; and Jennifer Wagner.
“Although the commissioning phase of Tahuehueto’s first ball mill has taken longer than anticipated, management is optimistic that most of the start-up issues are behind us and that the project will be able to maintain steady state production with the initial ball mill and thereby begin to increase Tahuehueto’s concentrate sales and revenue over the coming months.” states Ralph Shearing, CEO & President
“Our initial exploration efforts at La Adelita project in Sonora Mexico have helped us validate the project as a true district scale opportunity with numerous high-grade copper and gold targets. This financing will allow us to expand our plan and pursue some of these new targets.”
Fortune Bay Corp. is pleased to announce that effective today it has qualified to trade on the OTCQX® Best Market under the symbol “FTBYF”.
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