Fortune Bay Corp. Announces Grant of Stock Options
Fortune Bay Corp. Announces Grant of Stock
Options
HALIFAX
,
Oct. 15, 2019
/CNW/ - Fortune Bay Corp. (TSXV: FOR) ("Fortune Bay" or, the
"Company") announces that the board of directors of the Company has approved the granting of
250,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan.
Directors, officers and employees were awarded 100,000, 100,000 and 50,000 stock options
respectively. The Options are exercisable at a price of
$0.31
per share, expire on
October 11, 2024
and vest over a three-year period.
About Fortune Bay Corp.
Fortune Bay is in the business of resource property exploration and owns 100% interests in two
properties: the Goldfields Project, located in
Saskatchewan, Canada
and the Ixhuatán Project
located in the Chiapas State of Mexico.
Cautionary and Forward
L
ooking Statements
Except for the statements of historical fact contained herein, certain information presented
constitutes "forward-looking information" within the meaning of applicable Canadian securities laws.
While such forward-looking statements are expressed by Fortune Bay, as stated in this release, in
good faith and believed by Fortune Bay to have a reasonable basis, they are subject to important
risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these
forward-looking statements may differ materially from actual results or events. These forward-
looking statements are not guarantees of future performance, given that they involve risks and
uncertainties. Fortune Bay does not undertake any obligation to release publicly revisions to any
forward-looking statement, except as may be required under applicable securities laws. Investors
should not assume that any lack of update to a previously issued forward-looking statement
constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at
investors' own risk.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Fortune Bay Corp.
View original content:
http://www.newswire.ca/en/releases/archive/October2019/15/c9130.html
%SEDAR: 00039152E
For further information:
Sarah Oliver, CFO, Fortune Bay Corp., 2001-1969 Upper Water Street,
Halifax, NS, B3J 3R7, T: 902-422-1421, E: [email protected]
CO: Fortune Bay Corp.
CNW 17:00e 15-OCT-19