Fortune Valley Announces Grant of Options and Issue of 50,000 Shares to Option Holder
25 September 2009 - 5:42AM
Marketwired
Fortune Valley Resources Inc. ("Fortune Valley" or the "Company")
(TSX VENTURE: FVX) announces the following:
The Company announces that it has agreed to grant stock options
to independent directors and technical consultants of the Company
allowing them to acquire up to 800,000 common shares at a price of
$0.10 per share. This includes the grant of stock options announced
previously in the Company's press release dated April 9, 2009. The
issuance of stock options under the agreement is subject to the
approval of the TSX Venture Exchange.
The Company also announces that it has agreed to grant 50,000
common shares to an option holder at the Incahausi property in
accordance with the terms of an agreement to award the option
holder a success fee for facilitating the Company's acquisition of
rights under various option agreements in the property area. The
issuance of common shares is subject to the approval of the TSX
Venture Exchange.
Fortune Valley Resources Inc. is a mining company focused on
creating shareholder wealth through the development of high quality
gold assets in Chile and Argentina.
The Board of Directors
Fortune Valley Resources Inc.
To receive company news releases via e-mail, please advise
catarina@chfir.com and specify "Fortune Valley Resources press
releases" in the subject line.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Fortune Valley Resources Inc. (604) 637-1268 (604)
637-1269 (FAX) www.fortunevalleyresources.com CHF Investor
Relations Robin Cook Senior Account Manager (416) 868-1079, Ext.
228 (416) 868-6198 (FAX) robin@chfir.com
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