13 August 2015
News release: 08/13/2015 - LONDON, ON, Aug. 13, 2015 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has completed the second and final stage of the restructuring agreement entered into with LRC-FRSM LLC ("Lascaux") and its other secured creditors to settle its secured debt obligations and remove the security over the Company's Canadian assets. The settlement was completed on substantially the same terms as disclosed in the Company's news release dated, July 17, 2015, except the US$550,000 that was to be paid to Fortune by Ouray Silver Mines Inc.("Ouray"), formerly Fortune Revenue Silver Mines, Inc., has been reduced by US$230,000 in order to compensate for certain liabilities and other costs of Ouray. The principal terms of the final stage of the restructuring agreement are as follows: