Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Lucky Minerals set for up to C$5M raise to advance Fortuna property

% of readers think this story is Fact. Add your two cents.

Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) (FRA:LKY1) has announced a private placing to raise up to C$5 million gross to continue its exploration at the Fortuna property in southern Ecuador and for working capital. 

The company is set to sell up to 62.5 million units at C$0.08 each, it said in a statement. 

READ: Lucky Minerals finds three zones with bulk tonnage potential at Sherman prospect, Ecuador 

Each unit comprises one share and one share purchase warrant, which is exercisable into one share for two years from closing at a price of C$0.15 per warrant.

The Fortuna project is a royalty-free 550 square kilometers (sq km) exploration concession in a highly prospective, yet underexplored, gold belt in southern Ecuador.

Lucky has a deal on Fortuna with First Quantum Minerals Ltd (TSE:FM) (OTCMKTS:FQVLF) (FRA:IZ1), whereby First Quantum can earn up to 70% on primary copper targets.

The company also has the Emigrant Creek project, which covers a 15 sq km area in southern Montana, USA.

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.