ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

FSM Sonoma Resources, Inc.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Sonoma Resources, Inc. TSXV:FSM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Fortunate Sun Mining Announces Resignation and Termination of Option

31/10/2012 2:30pm

Marketwired Canada


Fortunate Sun Mining Company Ltd. ("Fortunate Sun" or the "Company") (TSX
VENTURE:FSM) announces that it has received and accepted the resignation of Reg
Advocaat as President and CEO. The Company wishes to thank Reg for his
dedication and efforts throughout the IPO process and the initial drilling
program, and wishes him the best in his future endeavors. In the interim, Scott
Young will act as the Managing Director until a new President and CEO is
retained.


The Company also announces that it has terminated its option agreement with
Minera Coplau, S.A. de C.V. on the Golconda property in Sonora State, Mexico.
The Company has also decided, due to the high costs of taxes and carrying
charges, to consolidate approximately 1500 hectares of its Pirelli property with
its Camacho property and return the balance of the Pirelli and Michelin
properties to the State Of Zacatecas and the Ministry of Mines. 


The Company will focus its efforts on its 100% owned Camacho property in
Zacatecas State, Mexico. Approximately $1,900,000 has been spent on this
property in a previous joint venture with Kinross Gold. Fortunate Sun is
continuing to review numerous other property and joint venture opportunities.


On behalf of the Board,

Scott Young, Managing Director 

This news release may contain forward looking statements including but not
limited to, information regarding geological interpretations, resources,
potential timing and content of exploration programs, production schedules and
projections, receipt of permits, company financings etc. Forward looking
statements refer to events and conditions which have not yet taken place and
therefore involve inherent risks and uncertainties. Actual results may differ
materially from those anticipated in these statements. Fortunate Sun relies on
litigation protection for forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Fortunate Sun Mining Company Limited
Scott Young
Managing Director
778-372-2891
www.fortunatesunmining.com

1 Year Sonoma Resources, Inc. Chart

1 Year Sonoma Resources, Inc. Chart

1 Month Sonoma Resources, Inc. Chart

1 Month Sonoma Resources, Inc. Chart

Your Recent History

Delayed Upgrade Clock