Fortune Minerals Completes the Purchase of the Revenue Silver Mine in Colorado on Amended Terms and Closes US$ 25 Million Tranche of the US$ 35 Million Lascaux Financing
1 October 2014
10/01/2014
Company investing capital to improve safety and mine operating efficiencies
Issued Capital: 194,578,180
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/
LONDON, ON, Oct. 1, 2014 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has received US$ 25 million and closed the purchase of a 100% interest in the Revenue Silver Mine ("RSM") in southwest Colorado, U.S.A. through its wholly-owned subsidiary Fortune Revenue Silver Mines, Inc. With the transition of ownership of the RSM now complete, Fortune has accomplished its goal of becoming a producing mining company with two organic development assets to grow the business.