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Fortune Bay Corp.

09:46 AM EST - Fortune Bay Corp. : Intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,000,000. The Company intends to issue up to 5,714,286 units at an issue price of $0.35 per unit, with each unit comprised of one common share and one-half common share purchase warrant. Each whole warrant will be exercisable into one common share of the Company at an exercise price of $0.50 per share for a period of three years. Fortune Bay Corp. shares V.FOR are trading unchanged at $0.40.