Breaking #Mining #Stock News: Fortune Bay
(TSXV: $FOR.V) Announces Grant of Stock Options; @fortunebaycorp
HALIFAX, NS - March 5, 2021 (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt: 5QN) ("Fortune Bay" or the "Company") announces that the board of directors of the Company has approved the granting of 350,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 230,000 of the Options which are exercisable at a price of $1.10 per share, expire on March 4, 2026 and vest over a three-year period.
Read this news,
featuring Fortune Bay in full at https://www.investorideas.com/CO/FOR/news/2021/03051Grant-Stock-Options.asp
About Fortune
Bay
Fortune
Bay Corp. (TSXV:FOR)
is a gold-focused exploration and development company with 100% ownership in
two advanced exploration gold projects in Canada, Saskatchewan (Goldfields
Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and
development potential. The Company has agoal of building a mid-tier gold
exploration and development Company through the advancement of its existing
projects and the strategic acquisition of new projects to create a pipeline of
growth opportunities. The Company’s corporate strategy is driven by a Board and
Management team with a proven track record of discovery, project development and
value creation. Further information on Fortune Bay and its assets can be found
on the Company’s website at www.fortunebaycorp.com or
by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.
On
behalf of Fortune Bay Corp.
"Dale
Verran"
Chief
Executive Officer
902-334-1919
Cautionary
Statement Regarding Forward-Looking Information
Information
set forth in this news release contains forward-looking statements that are
based on assumptions as of the date of this news release. These statements
reflect management's current estimates, beliefs, intentions and expectations.
They are not guarantees of future performance. Fortune Bay Corp. ("Fortune
Bay" or the "Company") cautions that all forward-looking
statements are inherently uncertain, and that actual performance may be
affected by a number of material factors, many of which are beyond Fortune
Bay's control. Such factors include, among other things: risks and
uncertainties relating to metal prices, changes in planned work resulting from
weather, logistical, technical or other factors, the possibility that results
of work will not fulfill expectations and realize the perceived potential of
Fortune Bay's mineral properties, uncertainties involved in the interpretation
of drilling results and other tests, the possibility that required permits may
not be obtained in a timely manner or at all, risk of accidents, equipment
breakdowns or other unanticipated difficulties or interruptions, the possibility
of cost overruns or unanticipated expenses in work programs, the risk of
environmental contamination or damage resulting from the exploration
operations, the need to comply with environmental and governmental regulations
and the lack of availability of necessary capital, which may not be available
to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the
specific risks inherent in the mining business as well as general economic and
business conditions. Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Fortune Bay undertakes no
obligation to publicly update or revise forward-looking information. Fortune
Bay does not intend, and does not assume any obligation, to update these
forward-looking statements, except as required under applicable securities
legislation.
For
more information on Fortune Bay, readers should refer to Fortune Bay's website
at www.fortunebaycorp.com.
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
Fortune Bay Corp.
(TSXV: FOR) is a featured Mining stock on Investorideas.com
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