Article: Fortune Valley Announces Issuance of $250,000 Convertible Debenture, Acquisition of Option Over Major Gold Deposit and Proposed Business Combination With Uruguay Mineral Exploration Inc.

VANCOUVER, BRITISH COLUMBIA, Oct 5, 2009 (Marketwire via COMTEX) -- Fortune Valley Resources Inc. ("Fortune Valley" or the "Company") (TSX VENTURE:FVX) announces that it has raised $250,000 by issuing a convertible unsecured debenture to Uruguay Mineral Exploration Inc. ("Uruguay") (TSX-V: UME), that a subsidiary of Anglo American plc has agreed to grant an option to acquire a 100% interest in the Pantanillo gold deposit in Region III of Chile to one of Fortune Valley's wholly-owned subsidiaries, and that Fortune Valley has signed a non-binding letter of intent with Uruguay in connection with a proposed business combination.

The Debenture

The debenture, ...

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