Fortem Resources Inc fka FTMR

[RandyKCMO]

THE LATEST CORPORATE UPDATE WAS ON 5/30/2019

https://www.otcmarkets.com/stock/FTMR/news/story?e&id=1368368

Apparently, they or OilPrice.com were dialed back by the TSXV. As Fortem Resources trades on the TSX they are obliged to follow the TSX rules for promotions and disclosures. The linked news release is what full disclosure looks like. As I mentioned to a friend when I forwarded this news release, I think this basically puts their TSX ducks in a row. :)

One of the requirements that's clear is that before promotional companies are hired, they need the approval of the TSX. I believe this is why they had to "RETRACT" the promotional article by Oilprice.com. With this release Oilprice.com a division of Advanced Media Solutions Limited is announced as our Investor Relations Company for the next 12 months.

I'm fairly confident a similar but modified version of this same article will eventually be published and promoted by agents the company. As someone posted already and the link is still active... there's a lot of great information available in the piece... not much new to us who've been following the company, but it's a story that needs a wider audience.

https://finanz.dk/this-25-billion-discovery-could-trigger-a-new-oil-boom/

What else? There was some clarification of who was/is doing Investors Relations for company.

1. The Company listed three companies that it had previously hired for investor relations. Winning Media LLC, Nevada Radio LLC, and
Paradox Public Relations... and is still using Nevada Radio LLC.

2. The Company disclosed what I believe are two stock issuances... one private placement and another for a Membership Purchase Agreement. Until we start generating revenue, the company depends on funding from external sources.

3. The Company announced the extension of its agreement for the Godin Oil properties in North Central Alberta.

"Further to its news releases dated October 1, 2018 and December 19, 2018, the Company announces that the proposed closing date of the asset purchase agreement dated September 26, 2018 with a major Canadian oil and gas company to purchase a 100% working interest in three oil leases covering a total of 20,719 hectares (51,200 acres) of heavy oil in north-central Alberta has been extended by the parties to a date on or before June 15, 2019. The extension was granted in consideration for the payment of CDN$100,000 to the vendor which will be credited towards the purchase price."

As this property is believed to be the main engine for Fortem Resources future growth (see UPDATED COMPANY PRESENTATION)... and on paper, it had previously expired. So I was glad to see that this agreement had been extended and still in play.

I think this agreement indicates the time-frame the company is working with. It may well indicate the proximity of the funding that it believes will allow them to move forward with its 2019 Q3 drilling plan. Apparently, management believes (or hopes) it will be able to close the acquisition of these properties by the middle of June. In order to do this... it will need to receive a substantial amount of funding within the next while.

(For more information see the 5-20-2019 release: Fortem Resources prepares to commence field operations at its Godin Property in North Central Alberta, Canada https://www.otcmarkets.com/stock/FTMR/news/story?e&id=1361057 )

Will they be able to commence field operations as anticipate? Time will tell!!

Hopefully, we will hear an announcement soon that a financing agreement has been reached and we can begin moving forward... full speed ahead.

Until then, or some additional information comes to light, I think we tread water in our current Price range. If all this drags out for weeks or months, I wouldn't be surprised to see the share price continue to slide.

Of course, the risk-reward ratio still remains. Once the news of the financing is announced, and we hear about the properties being prepped, developed, and the drilling begun, things are going to be very different.

As I've said before, the fundamental question for us as investors is: Do we believe Bruner and Caetano are able to put a funding agreement together? I don't doubt that they have been working tirelessly to make this company a success. And... since they have skin in the game, they are being picky and fussy about what sort of financing they're putting together. As they, and I assume their acquaintances, have put their personal property and assets into the company, they all want it to be priced reasonably and fairly. That is good for them... and that is good for us!