Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has closed a private placement of 3,571,399 common shares issued at a price of C$ 0.14 per share on a “flow-through” basis pursuant to the Income Tax Act (Canada) to raise gross proceeds of approximately C$500,000. The net proceeds received from this offering will be used to fund eligible Canadian Exploration Expenses on the Company’s wholly-owned NICO cobalt-gold-bismuth-copper project (“NICO Project”) in the Northwest Territories.
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