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.
SOURCE Fortune Bay Corp.
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