The mining newspaper for Alaska and Canada's North

Fortune loses Revenue, holds Nico

Fortune Minerals Ltd. July 17 said it has reached a two-stage restructuring agreement with LRC-FRSM LLC (Lascaux) and its other secured creditors to settle its secured debt obligations.

In early July, Fortune subsidiary, Fortune Revenue Silver Mines Inc., the owner of the Revenue Silver Mine in southwest Colorado, received a default notice from Lascaux.

In addition to the Revenue Mine, the debt ow...


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