The latest update is out from Fortune Bay ( (TSE:FOR) ).
Fortune Bay Corp. announced its intention to complete a non-brokered private placement to raise up to $2.8 million, issuing up to 8,750,000 units. The proceeds will be used to advance projects in Canada and Mexico, with potential insider participation considered a related party transaction exempt from certain regulatory requirements. This move is expected to support the company’s growth strategy and enhance its market positioning.
More about Fortune Bay
Fortune Bay Corp. is an exploration and development company with full ownership of two advanced gold projects in Canada and Mexico, and seven uranium exploration projects in Saskatchewan. The company aims to become a mid-tier exploration and development entity by advancing its current projects and acquiring new ones.
YTD Price Performance: 80.95%
Average Trading Volume: 71,082
Technical Sentiment Signal: Sell
Current Market Cap: C$19.47M
Find detailed analytics on FOR stock on TipRanks’ Stock Analysis page.