Fortune Bay Announces Appointment of Directors and Listing on Frankfurt Exchange
Fortune Bay Announces Appointment of
Directors and Listing on Frankfurt Exchange
HALIFAX, NS
,
Oct. 2, 2020
/CNW/ - Fortune Bay Corp. (TSXV: FOR) (
Frankfurt
: 5QN) ("Fortune
Bay" or the "Company") is pleased to announce that it has appointed Ms.
Melinda Lee
, CPA, CA,
ICD.D and Mr.
Robert Shaw
, M.Sc. Economic Geology to its Board of Directors.
Ms. Lee is a Chartered Professional Accountant with over 20 years of professional experience in
both private and public companies, including nine years of experience at the Board of Director level.
Ms. Lee's positions on public company boards has provided her with an in-depth understanding of
the key topics facing public companies, particularly related to financial reporting, disclosure and
governance. Ms. Lee was also appointed to the Audit Committee.
Mr. Shaw is an experienced geologist with over 30 years of mineral exploration experience
throughout the Americas. He has worked with several listed gold companies as a founding member,
geologist, manager and executive, and has been instrumental in the discovery and development of a
number of significant gold deposits. Mr. Shaw has also made numerous academic contributions
relating to the formation and exploration of gold deposits in a variety of geological environments.
"I am pleased to welcome Melinda and Robert to Fortune Bay's Board of Directors. The experience
and expertise they bring to the Board will be valuable as we pursue our corporate objectives,
commencing with the advancement of the Goldfields Project in
Saskatchewan
," said Mr.
Wade
Dawe
, Chair of the Board of Directors.
Frankfurt Exchange Listing
Fortune Bay's common shares are now listed on the Frankfurt Stock Exchange under the trading
symbol 5QN. The listing on the Frankfurt Stock Exchange increases the Company's potential
investor base as it enables investors across
Europe
to invest in and trade the Company's shares.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR) is a gold-focused exploration and development company with
100% ownership in two high-quality advanced gold projects in
Canada
,
Saskatchewan
(Goldfields
Project) and
Mexico
,
Chiapas
(Ixhuatán Project), both with exploration and development potential.
The Company has a goal of building a mid-tier gold exploration and development Company
through the advancement of its existing projects and the strategic acquisition of new projects to
create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board
and Management team with a proven track record of discovery, project development and value
creation.
Further information on Fortune Bay and its assets can be found on the Company's
website at
www.fortunebaycorp.com
or by contacting us as
or by
telephone at 902-334-1919.
On behalf of Fortune Bay Corp.
"Dale Verran"
Chief Executive Officer
902-334-1919
Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance.
Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements
are inherently uncertain, and that actual performance may be affected by a number of material
factors, many of which are beyond Fortune Bay's control. Such factors include, among other
things: risks and uncertainties relating to metal prices, changes in planned work resulting from
weather, logistical, technical or other factors, the possibility that results of work will not fulfill
expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties
involved in the interpretation of drilling results and other tests, the possibility that required permits
may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other
unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses
in work programs, the risk of environmental contamination or damage resulting from the
exploration operations, the need to comply with environmental and governmental regulations and
the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable
to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as
general economic and business conditions. Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required under applicable securities
legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking
information. Fortune Bay does not intend, and does not assume any obligation, to update these
forward-looking statements, except as required under applicable securities legislation. For more
information on Fortune Bay, readers should refer to Fortune Bay's website at
www.fortunebaycorp.com
.
SOURCE
Fortune Bay Corp.
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For further information:
Dale Verran, Chief Executive Officer, 902-334-1919
CO: Fortune Bay Corp.
CNW 07:41e 02-OCT-20