HALIFAX, Oct. 15, 2019 /CNW/ - Fortune Bay Corp. (TSXV:
FOR) ("Fortune Bay" or, the "Company") announces that the board of
directors of the Company has approved the granting of 250,000
incentive stock options (the "Options") pursuant to the Company's
Stock Option Plan. Directors, officers and employees were awarded
100,000, 100,000 and 50,000 stock options respectively. The Options
are exercisable at a price of $0.31
per share, expire on October 11, 2024
and vest over a three-year period.
About Fortune Bay Corp.
Fortune Bay is in the business of resource property exploration
and owns 100% interests in two properties: the Goldfields Project,
located in Saskatchewan, Canada
and the Ixhuatán Project located in the Chiapas State of
Mexico.
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. 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Fortune Bay Corp.