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Article: Fortune Valley Resources Inc. Completes Initial Public Offering
- Article from:
- CCNMatthews Newswire
- Article date:
- July 27, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 27, 2007) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Fortune Valley Resources Inc. ("Fortune Valley Resources" or the
"Company") (TSX VENTURE:FVX) is pleased to announce that it has
completed its initial public offering (the "Offering"). The Offering
consisted of 7,777,778 units ("Units") at a price of $0.45 per Unit,
together with the full exercise of an over-allotment option for an
additional 1,166,667 Units, resulting in gross proceeds of
$4,025,000.
Each Unit was comprised of one common share ("Common Share") of
the Company and one-half of one common share purchase warrant
("Warrant"), with ...