Longview Capital Partners Acquires Position in Fortress Base Metals Corp.
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VANCOUVER, BC, Jun 06 (MARKET WIRE) --
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
1,099,137warrants (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
theWarrants, 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
Distributed by Filing Services Canada and retransmitted by Marketwire
Longview Capital Partners Incorporated
1111 West Georgia Street, Suite 2400
Vancouver, BC
Canada V6E 4M3
Email: Email Contact
Fax: (604) 684 2990
Copyright 2008, Market Wire, All rights reserved.
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