Fortune River Resource Corp.

Fortune River Resource Corp.

February 03, 2010 19:45 ET

Donald R. Head, Through Head Children Investments LLC, Acquires Securities of Fortune River Resource Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) (the "Company") has been advised that Donald R. Head of 14850 North Scottsdale Road, Ste. 285, Scottsdale, Arizona 85254, United States of America, together with Head Children Investments LLC, a company at the same address as Donald R. Head and over which Donald R. Head exercises control and direction (collectively referred to as the "Shareholder"), has, since May 22, 2008, the date when the Shareholder reported holding 12.84% of the Company's outstanding share capital, acquired, through the facilities of the TSX Venture Exchange and through Private Placement purchases, additional shares and warrants at prices ranging from $0.08 to $0.44.

The Company had previously reported on May 22, 2008 that Head Children Investments LLC and Head Management Investments LLC (also a company over which Donald R. Head exercises control and direction) held 12.84% of the then outstanding share capital, including options. The additional purchases by the Shareholder, when added to previously reported holdings, represent an aggregate holding of 16.20% including options and warrants.

The Shareholder has advised that its current intention is that all of the shares of the Company acquired were acquired for investment purposes but the Shareholder may, from time to time, reconsider its holdings in the Company and, as circumstances dictate, may increase or decrease its position in the Company.

The Company is further advised that a report relating to these matters is being filed with the British Columbia and Alberta Commissions by the Shareholder. A copy of the report may be obtained from the Manex Group of Companies on behalf of the Shareholder by calling 604-684-9384.

On behalf of the Board,

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

Neither the 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.
    Joseph Anthony Kizis, Jr.
    604-688-4670 (FAX)