Fortune Bay (TSE:FOR) has released an update.
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Fortune Bay Corp. successfully increased and completed a non-brokered private placement, raising $600,000 from the sale of units priced at $0.22 each. The funds raised will support exploration and development of the company’s gold projects in Saskatchewan and cover general operating costs. The units sold include a common share and a half-warrant, with each full warrant allowing the purchase of an additional share at $0.30 within two years.
For further insights into TSE:FOR stock, check out TipRanks’ Stock Analysis page.