Lawrence Page, Q.C., Directly and Indirectly, Acquires Securities of Fortune River Resource Corp.
June 04 2010 - 9:30AM
Marketwired
Fortune River Resource Corp. (TSX VENTURE: FRX)(FRANKFURT: RG7A)
(the "Company") has been advised that Lawrence Page, Q.C., of 1100
- 1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5,
together with Manex Resource Group Inc., a company at the same
address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C.
exercises control and direction (collectively referred to as the
"Shareholder"), has acquired shares and units through the
facilities of the TSX Venture Exchange and through Private
Placement purchases, at prices ranging from $0.08 - $0.75 and now
beneficially owns 2,528,869 common shares representing 6.54% of the
outstanding capital of the Company. Additionally, the Shareholder
holds options to purchase 350,000 common shares of the Company, and
warrants exercisable within 60 days to purchase 2,500,000 common
shares which, when added to the holdings of the Shareholder set out
above, represent a total holding of 12.956% of the outstanding
capital of the Company. The percentage held by Manex Resource Group
Inc. is 12.162%.
The Shareholder has advised that its current intention is that
all of the shares of the Company acquired were acquired for
investment purposes but the Shareholder may, from time to time,
reconsider its holdings in the Company and, as circumstances
dictate, may increase or decrease its position in the Company.
The Company is further advised that a report relating to these
matters is being filed with the British Columbia and Alberta
Commissions by the Shareholder. A copy of the report may be
obtained from the Manex Group of Companies on behalf of the
Shareholder by calling 604-684-9384.
On behalf of the Board of Directors
Joseph A. Kizis, Jr., President and Director
Fortune River Resource Corp.
For further information, please visit Fortune River Resource
Corp.'s website at fortuneriver.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Fortune River Resource Corp. Jeff Stuart
1.888.456.1112 jstuart@mnxltd.com Fortune River Resource Corp.
Liana Shahinian 1.888.456.1112 liana@mnxltd.com
www.fortuneriver.ca
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