HALIFAX, NS, Oct. 2, 2020 /CNW/ - Fortune Bay Corp. (TSXV:
FOR) (Frankfurt: 5QN) ("Fortune
Bay" or the "Company") is pleased to announce that it has appointed
Ms. Melinda Lee, CPA, CA, ICD.D and
Mr. Robert Shaw, M.Sc. Economic
Geology to its Board of Directors.
Ms. Lee is a Chartered Professional Accountant with over 20
years of professional experience in both private and public
companies, including nine years of experience at the Board of
Director level. Ms. Lee's positions on public company boards
has provided her with an in-depth understanding of the key topics
facing public companies, particularly related to financial
reporting, disclosure and governance. Ms. Lee was also
appointed to the Audit Committee.
Mr. Shaw is an experienced geologist with over 30 years of
mineral exploration experience throughout the Americas. He
has worked with several listed gold companies as a founding member,
geologist, manager and executive, and has been instrumental in the
discovery and development of a number of significant gold deposits.
Mr. Shaw has also made numerous academic contributions relating to
the formation and exploration of gold deposits in a variety of
geological environments.
"I am pleased to welcome Melinda and Robert to Fortune Bay's
Board of Directors. The experience and expertise they bring to the
Board will be valuable as we pursue our corporate objectives,
commencing with the advancement of the Goldfields Project in
Saskatchewan," said Mr.
Wade Dawe, Chair of the Board of
Directors.
Frankfurt Exchange Listing
Fortune Bay's common shares
are now listed on the Frankfurt Stock Exchange under the trading
symbol 5QN. The listing on the Frankfurt Stock Exchange
increases the Company's potential investor base as it enables
investors across Europe to invest
in and trade the Company's shares.
About Fortune Bay
Fortune Bay Corp.
(TSXV:FOR) is a gold-focused exploration and development company
with 100% ownership in two high-quality advanced gold projects in
Canada, Saskatchewan (Goldfields Project) and
Mexico, Chiapas (Ixhuatán Project), both with
exploration and development potential. The Company has a goal of
building a mid-tier gold exploration and development Company
through the advancement of its existing projects and the strategic
acquisition of new projects to create a pipeline of growth
opportunities. The Company's corporate strategy is driven by a
Board and Management team with a proven track record of discovery,
project development and value creation. Further information
on Fortune Bay and its assets can be found on the Company's website
at www.fortunebaycorp.com or by contacting us
as info@fortunebaycorp.com or by telephone at
902-334-1919.
On behalf of Fortune Bay Corp.
"Dale Verran"
Chief Executive Officer
902-334-1919
Cautionary Statement Regarding Forward-Looking
Information
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Fortune Bay Corp. ("Fortune
Bay" or the "Company") cautions that all forward-looking statements
are inherently uncertain, and that actual performance may be
affected by a number of material factors, many of which are beyond
Fortune Bay's control. Such factors include, among other things:
risks and uncertainties relating to metal prices, changes in
planned work resulting from weather, logistical, technical or other
factors, the possibility that results of work will not fulfill
expectations and realize the perceived potential of Fortune Bay's
mineral properties, uncertainties involved in the interpretation of
drilling results and other tests, the possibility that required
permits may not be obtained in a timely manner or at all, risk of
accidents, equipment breakdowns or other unanticipated difficulties
or interruptions, the possibility of cost overruns or unanticipated
expenses in work programs, the risk of environmental contamination
or damage resulting from the exploration operations, the need to
comply with environmental and governmental regulations and the lack
of availability of necessary capital, which may not be available to
Fortune Bay, acceptable to it or at all. Fortune Bay is subject to
the specific risks inherent in the mining business as well as
general economic and business conditions. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, Fortune Bay undertakes no
obligation to publicly update or revise forward-looking
information. Fortune Bay does not intend, and does not assume any
obligation, to update these forward-looking statements, except as
required under applicable securities legislation. For more
information on Fortune Bay, readers should refer to Fortune Bay's
website at www.fortunebaycorp.com.
SOURCE Fortune Bay Corp.