Fortune Minerals closes $28.65 million public offering

On July 26, 2007, Fortune Minerals Limited announced that it had closed its previously announced public offering consisting of 9,550,000 units at an offering price of $3.00 per unit for aggregate gross proceeds of $28,650,000, which included the issuance of 1,200,000 units pursuant to the full exercise of the agents' over-allotment option.

The units were offered for sale, on a reasonable best efforts basis, by a syndicate of agents led by CIBC World Markets Inc. and including Desjardins Securities Inc. and Canaccord Capital Corporation.

The syndicate of agents was advised by Rob Mason and Karoline Kralka (securities) of Fasken Martineau.