Fortune Minerals closes $2.34-million financing
Ticker Symbol: C:FT

Fortune Minerals closes $2.34-million financing

Fortune Minerals Ltd (C:FT)
Shares Issued 68,240,857
Last Close 8/13/2009 $0.63
Friday August 14 2009 - News Release

Mr. Robin Goad reports

FORTUNE MINERALS RAISES $2.345 MILLION FROM FLOW-THROUGH FINANCING

Fortune Minerals Ltd. has issued 3.35 million flow-through shares at 70 cents per share under a non-brokered private placement to institutional investors to raise gross proceeds of $2,345,000. The gross proceeds of the offering will be used:

• To finance environmental testing, engineering studies and site activities at its NICO gold-cobalt-bismuth-copper project in the Northwest Territories;
• To finance site studies for the proposed southern hydrometallurgical facility in Western Canada;
• To finance engineering studies at its Mount Klappan anthracite coal project in northwest British Columbia.

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