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Fortune Valley Announces Closing of $250,000 Convertible Debenture Financing

VANCOUVER, BRITISH COLUMBIA, Oct 16, 2009 (Marketwire via COMTEX) --

Companies: Fortune Valley Resources Inc (FTVYF), Fortune Valley Resources Inc (FVX), Uruguay Mineral Exploration Inc (UMEXF)

Fortune Valley Resources Inc. (the "Company") (TSX VENTURE:FVX) announces that the TSX Venture Exchange has accepted for filing the documents relating to the $250,000 convertible debenture that the Company announced on October 5th it was issuing to Uruguay Mineral Exploration Inc. and that the financing has closed. The debenture is subject to a hold period that expires on February 6, 2010.

Fortune Valley Resources Inc. is a mining company focused on creating shareholder wealth through the development of high quality gold assets in Chile and Argentina.

The Board of Directors

Fortune Valley Resources Inc.

SOURCE: Fortune Valley Resources Inc. 

Fortune Valley Resources Inc.
56-98-230-2277 or 1-303-931-8597
www.fortunevalleyresources.com

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News Provided by COMTEX

Companies: Fortune Valley Resources Inc (FTVYF), Fortune Valley Resources Inc (FVX), Uruguay Mineral Exploration Inc (UMEXF)


Related terms: argentina, chile, gold, mining

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