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| Home : Foran Announces $1,000,000 Non-Brokered Private Placement |
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Jun 16
2016 |
Foran Announces $1,000,000 Non-Brokered Private Placement |
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VANCOUVER, BC--(Marketwired - June 15, 2016) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing of 5,882,352 units (the "Units") at a price of $0.17 per Unit for gross proceeds of $1,000,000 (the "Offering"). Each Unit will consist of one common share in the capital stock of the Company and one half (½) of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to acquire one additional common share of the Company for $0.25 per share for a period of 18 months from the closing date of the Offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=2134546&sourceType=3 |
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