Fortune River Resource Corp.
TSX VENTURE : FRX
FRANKFURT : RG7A

Fortune River Resource Corp.

April 07, 2010 11:30 ET

Fortune River Extends Warrant Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2010) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) reports that, subject to TSX Venture Exchange approval, it will amend the expiry date of 3,009,000 share purchase warrants (the "Warrants") from April 28, 2010 to April 28, 2011.

The original Warrant exercise price of $0.40 per share was previously amended to $0.10 per share. The Warrants are subject to an accelerated exercise period provision which provides that, if the closing price of the Company's shares on the TSX Venture Exchange is $0.135 or higher for 10 consecutive trading days (the "Premium Trading Days"), Warrant holders will only have 30 calendar days, commencing 7 calendar days after the last Premium Trading Day, to exercise the Warrants. The Warrants will automatically expire if the Warrant holders do not exercise them within this 30 day period.

On behalf of the Board,

Joseph Anthony Kizis, Jr., President, Fortune River Resource Corp.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Fortune River Resource Corp.
    Jeff Stuart
    1.888.456.1112 or 604.641.2771
    jstuart@mnxltd.com
    or
    Fortune River Resource Corp.
    Liana Shahinian
    1.888.456.1112 or 604.641.2771
    www.fortuneriver.ca