Welcome To The Fortune Minerals HUB On AGORACOM

A natural resource company with interests in several mineral deposits and a number of exploration projects in Canada

Free
Message: Fortune Minerals investor China Mining sells shares

Fortune Minerals investor China Mining sells shares

posted on Sep 24, 2009 10:34PM

2009-09-24 22:12 ET - News Release

An anonymous director of China Mining reports

China Mining Resources Group Ltd., as of Sept. 23, 2009, has indirectly disposed of, through its wholly owned subsidiary, Best Tone Holdings Ltd., 3,871,500 common shares of Fortune Minerals Ltd., constituting 5.67 per cent of the issued and outstanding shares of the company. China Mining now has beneficial ownership and control over 5,414,300 shares of the company, which represents approximately 7.93 per cent of the issued and outstanding shares of the company.

The shares were disposed of through the Toronto Stock Exchange in the normal course of China Mining's investment activities. China Mining may, directly or indirectly, at any time and from time to time, increase or decrease its beneficial ownership or control or direction of the company's securities depending on future economic or market conditions.

Share
New Message
Please login to post a reply