HALIFAX, June 9, 2014 /PRNewswire/ - Fortune Bay Corp. ("Fortune" or the "Company") (TSX: FOR) announces that Jon Legatto, Chief Financial Officer, has resigned from the Company to accept another opportunity. Prior to joining Fortune, Mr. Legatto served as the Chief Financial Officer of Brigus Gold Corp. Wade Dawe, Chairman and Chief Executive Officer of Fortune stated, "On behalf of the Board of Fortune, I want to thank Jon for his valuable and extensive service to both Fortune and to Brigus. Jon made a significant contribution to Brigus as CFO and prior to that as VP Finance for the company, and played a leading role during the recent sale of the company. I wish Jon every success in his new position and his future endeavors." Rob Randall will be appointed Chief Financial Officer upon the departure of Mr. Legatto. Mr. Randall is a Chartered Accountant with extensive financial experience within the public company environment. Mr. Legatto will assist during the transition period. About Fortune Bay Fortune Bay is engaged in the exploration and potential development of two primary mining projects; the Goldfields project and the Ixhuatán project. The Goldfields project is a property comprised of 25,685 ha located in northern Saskatchewan and consists of two gold deposits: the Box deposit and the Athona deposit. The Ixhuatán project is located in the northern Chiapas State in Mexico covering 4,176 ha. Fortune Bay Corp. was created as a result of a merger between Primero Gold and Brigus Gold whereby these development stage mining assets and cash were spun out into the new company.
Investors in Forestar Group Inc saw new options become available this week, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 211 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.