On October 30, 2025, Fortune Bay Corp. completed a “bought deal” private placement of 1,438,900 flow-through shares at a price of $1.39 each, and 6,000,000 common shares at a price of $1.00 each, for total gross proceeds of approximately $8 million.
Cormark Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp.
Cassels represented the underwriters.