/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSX-V: FBM
VANCOUVER, May 14 /CNW/ - Fortress Base Metals Corp. (TSX-V: FBM) is
pleased to announce it has negotiated a non-brokered private placement of up
to 1,200,000 units (the "Units") at a price of C$0.58 per unit to raise a
gross proceeds of up to C$696,000.00. Each Unit will consist of one common
share and one common share purchase warrant. Each warrant will entitle the
holder to purchase one additional common share for a period of two years at a
price of C$0.72 per common share.
The net proceeds of this private placement will be used for working
capital purposes.
Fortress Base Metals Corp. is a Canadian based, junior resource company
focused on the exploration, development, and acquisition of both advanced and
early stage mineral projects throughout British Columbia.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS PRESS RELEASE.
For further information: on the Company and its projects please visit
our web site at www.FortressBMC.com , or contact us at: Blair McIntyre,
Business Development and Investor Relations, (604) 638-3171 (ext: 5075)