Fortress Minerals is pleased to announce that at the Company's Special Meeting of Shareholders held earlier today all of the resolutions set out in the Company's management information circular dated November 12, 2014 were approved by 100% of the votes cast by the Company's shareholders. The matters approved at the Meeting include: the acquisition of the Fruta del Norte Project pursuant to the Share Purchase Agreement [...]
Fortress is pleased to announce the closing of the private placement of subscription receipts comprising the brokered portion of the financing previously announced on October 21, 2014 and November 6, 2014. The Offering raised C$200 million, including C$10 million raised through the exercise of the Agents' option, to fund the acquisition of the Fruta del Norte gold project from Kinross Gold Corporation and its development.
Fortress is pleased to announce that the marketing for the financing of the acquisition of the Fruta del Norte gold project in Ecuador as previously announced on October 21, 2014 has been completed. It is anticipated that a total of approximately C$230 million will be raised through a brokered private placement of Subscription Receipts and a non-brokered private placement of non-interest bearing convertible loan notes.
Fortress is pleased to announce that it has entered into a definitive share purchase agreement to purchase a 100% interest in the Fruta del Norte Gold Project located in Ecuador from Kinross Gold Corporation for total consideration of US$240 million. Subject to shareholder approval, upon closing of the Acquisition, Fortress will change its name to Lundin Gold Inc.. Lundin Gold will be the principal gold vehicle of the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2014) - Fortress Minerals Corp. ("Fortress" or the "Company") (TSX VENTURE:FST.H) reports that it has granted an aggregate of 592,000 incentive stock options to certain officers, directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of $3.75 per share. On behalf of the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 3, 2013) - Fortress Minerals Corp. (TSX VENTURE:FST.H) ("Fortress" or the "Company") announces the appointment of Mr. Chester See as Chief Financial Officer of the Company, effective as of September 1, 2013. Mr. See replaces Mr. Glenn Kondo, who will continue his full-time role as CFO of Lucara Diamond Corp. The Board of Directors would like to thank Mr. Kondo for his [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/06/13 -- Fortress Minerals Corp. (TSX VENTURE: FST.H) ("Fortress" or the "Company") announces it will hold its annual and special meeting (the "Meeting") of shareholders at 10:00 am on Wednesday, June 26, 2013 at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia. The Company has fixed Tuesday, May 21, 2013 as the record date for determining shareholders [...]
S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The TSX Venture Exchange has announced that, after the close of trading on Tuesday, October 16, Fortress Minerals will transfer to NEX to trade under the new ticker symbol FST.H. At the same time the company will be removed from the S&P/TSX Venture Composite Index.
Fortress Minerals reports that the Company will commence trading on the NEX effective as of the market opening on October 17 under the symbol FST.H. The Company had previously announced on April 26, 2012 that it had received notice from the TSX Venture Exchange that the Company had a Tier 2 Continued Listing Requirements Deficiency in relation to its assets and operations for a company classified as a Mining Issuer and [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/31/12 -- Fortress Minerals Corp. (TSX VENTURE: FST) ("Fortress" or the "Company") reports that it has granted an aggregate of 171,000 incentive stock options to certain officers, directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $4.01 per share.
Fortress reports that it has received notice from the TSX Venture Exchange that the Company has a Tier 2 Continued Listing Requirements Deficiency in relation to its assets and operations for a company classified as a Mining Issuer. The Exchange has placed the Company on notice with a deadline of October 16, 2012 by which the Company is required to provide a submission to the Exchange evidencing that it meets Tier 2 [...]
Fortress announces the appointment of Mr. Glenn Kondo as Chief Financial Officer of the Company effective immediately. Mr. Kondo replaces Mr. Peter Chow who has resigned to pursue other endeavours within the Lundin Group. Mr. Kondo also currently serves as CFO of Lucara Diamond Corp., a company developing a major new diamond mine in Botswana. Mr. Kondo is a highly qualified finance professional with extensive senior [...]