HALIFAX,
NS, June 27, 2022 /CNW/ - Fortune Bay Corp.
(TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the
"Company") is pleased to announce that effective today it has
qualified to trade on the OTCQX® Best Market under the symbol
"FTBYF". Fortune Bay upgraded to OTCQX from the Pink® market.
Fortune Bay's common shares will continue to trade on the TSX
Venture Exchange under the symbol FOR and on the Frankfurt Stock
Exchange under the symbol 5QN.
It is anticipated that the trading of Fortune Bay's shares on
the OTCQX will provide greater visibility and more efficient access
to the U.S. financial markets. U.S. investors can find current
financial disclosure and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
Dale Verran, CEO for Fortune Bay,
commented, "We are pleased to have begun trading on OTCQX with
the objective of enhancing our liquidity and strengthening our
shareholder base. We look forward to engaging with new U.S.
investors as we continue to advance the Company's mineral
exploration and development projects for the benefit of all
stakeholders."
About Fortune Bay
Fortune Bay Corp. (TSXV:
FOR, FWB: 5QN, OTCQX: FTBYF) is an exploration and development
company with 100% ownership in two advanced gold exploration
projects in Canada, Saskatchewan (Goldfields Project) and
Mexico, Chiapas (Ixhuatán Project), both with
exploration and development potential. The Company is also
advancing the 100% owned Strike and Murmac uranium exploration
projects, located near the Goldfields Project, which have
high-grade potential typical of the Athabasca Basin. The Company has a goal of
building a mid-tier 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.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading
12,000 U.S. and international securities. Their data-driven
disclosure standards form the foundation of three public markets:
OTCQX® Best Market, OTCQB® Venture Market and
Pink® Open Market.
OTC Link® Alternative Trading Systems (ATSs)
provide critical market infrastructure that broker-dealers rely on
to facilitate trading. Their innovative model offers
companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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. Words
such as "expects", "aims", "anticipates", "targets", "goals",
"projects", "intends", "plans", "believes", "seeks", "estimates",
"continues", "may", variations of such words, and similar
expressions and references to future periods, are intended to
identify such forward-looking statements. 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, COVID-19 restrictions,
availability of contractors, 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Fortune Bay Corp.
