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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.
- Article from:
- Marketwire Canada
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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, ...