HALIFAX, March 14, 2014 /CNW/ - Fortune Bay Corp. ("Fortune Bay" or the "Company") is pleased to report that as a result of the completion of the plan of arrangement involving the Company, Brigus Gold Corp. ("Brigus") and Primero Mining Corp. (the "Arrangement"), Fortune Bay became a reporting issuer in each of the provinces of Canada. The Toronto Stock Exchange (the "TSX") has approved the listing of the common shares of Fortune Bay and the Company expects that the Fortune Bay common shares will commence trading on Monday, March 17, 2014 under the stock symbol "FOR".
About Fortune Bay
Fortune Bay owns, and will be engaged in, the exploration and potential development of the Goldfields project previously held by Brigus. The Goldfields project is a property comprised of 25,685 ha located in northern Saskatchewan approximately 640 km north of Saskatoon and 450 km southeast of Yellowknife, Northwest Territories. The Goldfields project currently consists of two gold deposits: the Box deposit and the Athona deposit. A pre-feasibility study has been completed on the Goldfields project. A technical report on the pre-feasibility study on Goldfields has been electronically filed with regulators concurrent with the filing of this news release and is available for viewing on the SEDAR website (www.sedar.com) under Fortune Bay's Issuer Profile. In Mexico, Fortune Bay owns a 100% interest in the Ixhuatán gold-silver advanced exploration project, located in the state of Chiapas.
For further information with respect to the Arrangement, please refer to Brigus' Management Information Circular, dated January 27, 2014 and posted on SEDAR (www.sedar.com) under Brigus' Issuer Profile. The Information Circular is also filed under the Company's SEDAR profile. Appendix F to the Information Circular contains information relating to Fortune Bay and its business operations.
Cautionary and Forward‐Looking 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. Such forward-looking information, includes, but is not limited to, the listing date for the Fortune Bay common shares on the TSX. 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.
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SOURCE: Fortune Bay Corp.
For further information:
Jon Legatto, CFO