Fortune Minerals receives US$ 4 million bridge loan installment toward Lascaux Production pre-pay facility to fund Revenue Silver Mine acquisition

18 September 2014

09/18/2014
The mine has made four shipments of concentrate to the smelter & received its first revenue
LONDON, ON, Sept. 18, 2014 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces receipt of the previously announced US$4 million bridge loan that is part of the production pre-pay facility from Lascaux Resource Capital Fund 1 LP ("Lascaux") (see Fortune News Release dated August 20, 2014). Proceeds from this financing are being used to fund the acquisition of the remaining interest in the Revenue Silver Mine ("RSM") in southwest Colorado, U.S.A., make capital improvements to the mine, and to provide working capital.