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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 12, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") has negotiated a non-brokered private placement (the "Offering") of up to 6,400,000 common shares in the capital stock of the Company (the "Shares") at a price of $0.25 per Share for aggregate gross proceeds of up to $1,600,000. Each Share will be issued on a flow-through basis in connection with which Foran will incur and renounce Canadian Exploration Expenses ("CEE")(within the meaning of the Income Tax Act (Canada)). |
