Fortune Minerals Announces $5M Private Placement
November 29, 2017 Issued Capital: 302,085,257
NEWS RELEASE
FORTUNE MINERALS ANNOUNCES $5M PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
LONDON, ONTARIO, Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (“Fortune” or the
“Company”) (www.fortuneminerals.com) is pleased to announce that it is proposing to complete a
$5,000,000 non-brokered private placement of units of securities of the Company (“Units”). Up to
29,411,766 Units will be issued at a subscription price of $0.17 per Unit. Each Unit will consist of one
common share of the Company and one-half warrant with each whole warrant entitling the holder to
purchase one common share of the Company at a price of $0.25 for a period of two years. The
Company further announces today that it received c onditional approval for the private placement from
the Toronto Stock Exchange.
Proceeds of this financing will be used for general working capital purposes. The Company may pay a
cash finder’s fee of up to 5% of the gross proceeds of the private placement.
This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdicti on in which such offer, solicitation or sale would be
unlawful. The securities will not be and have not been registered under the United States Securities
Act of 1933 and may not be offered or sold in the United States absent registration or applicable
exemption from the registration requirements.
About Fortune Minerals
Fortune is a Canadian mining company focused on developing the vertically integrated NICO cobalt-
gold-bismuth-copper project in the Northwest Territories and a related refinery the Company plans to
construct in Saskatchewan. Fortune also owns the Sue-Dianne copper-silver-gold deposit located 25
km north of NICO and a potential future source of incremental mill feed to potentially extend the life of
the NICO mill.
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For further information please contact:
FORTUNE MINERALS LIMITED
148 Fullarton Street, Suite 1600, London, Ontario, Canada N6A 5P3
Tel. 519-858-8188 ~ Fax. 519-858-8155
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
Tel.: (519) 858-8188
www.fortuneminerals.com
This press release contains forward-looking informati on. This forward-looking information includes statements
with respect to, among other things, the terms of the priv ate placement of Unit and the use of proceeds of such
private placement. Forward-looking information is based on the opinions and estimates of management as well
as certain assumptions at the date the information is given (including, in respect of the forward-looking
information contained in this press release, assumptions regarding the ability to complete the private placement,
the expected amount of proceeds and t he use of such proceeds). However, such forward-looking information is
subject to a variety of risks and uncertainties and other fact ors that could cause actual events or results to differ
materially from those projected in the forward-look ing information. These factors include general economic
conditions in Canada and globally, the need to obtain required approvals from regulatory authorities; stock
market volatility; and an inability to sell all or a portio n of the Units under the private placement. Readers are
cautioned to not place undue reliance on forward-looking in formation because it is possible that predictions,
forecasts, projections and other forms of forward-looki ng information will not be achieved by the Company. The
forward-looking information contained herein is m ade as of the date hereof and the Company assumes no
responsibility to update or revise it to reflect new events or circumstances, except as required by law.