SOURCE: Longview Capital Partners Incorporated

June 06, 2008 17:56 ET

Longview Capital Partners Acquires Position in Fortress Base Metals Corp.

Early Warning Report

VANCOUVER, BC--(Marketwire - June 6, 2008) - Longview Capital Partners Incorporated (TSX: LV) (PINKSHEETS: LGVWF) (FRANKFURT: L6V) ("Longview") issues this press release pursuant to Section 111 of the Securities Act (British Columbia) and Section 141 of the Securities Act (Alberta) and Section 101 of the Securities Act (Ontario) with respect to Fortress Base Metals Corp. (the "Issuer" or "FBM").

Pursuant to trades conducted on the TSX Venture Exchange, Longview has acquired 1,698,437 common shares of the Issuer. These common shares represent approximately 19.27% of the issued and outstanding common shares of the Issuer. Prior to the acquisition, Longview held an aggregate of 595,000 common shares, representing approximately 6.75% of the issued and outstanding common shares of the Issuer.

In addition, pursuant to a private transaction, Longview acquired 1,099,137 warrants (the "Warrants") of the Issuer, with each Warrant entitling the holder to acquire one common share of the Issuer at an exercise price of $0.72 until June 25, 2009.

After giving effect to these transactions, but prior to the exercise of the Warrants, Longview now holds an aggregate of 2,293,437 common shares, or approximately 26.02% of the issued and outstanding shares of the Issuer.

Longview acquired these securities for investment purposes, thus depending on the economic or market conditions or matters relating to the Issuer, Longview may choose to either acquire additional securities or dispose of the Issuer.

Longview is an Investment Issuer, focused on capitalizing on early stage opportunities in the resource sector.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO

Contact Information

  • Longview Capital Partners Incorporated
    1111 West Georgia Street, Suite 2400
    Vancouver, BC
    Canada V6E 4M3
    Email: Email Contact
    Fax: (604) 684 2990