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| Home : Foran Announces Non-Brokered Flow-Through Financing |
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Jan 18
2014 |
Foran Announces Non-Brokered Flow-Through Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 17, 2014) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") is pleased to announce it has negotiated a non-brokered private placement (the "Placement") of up to 6,000,000 units of the Company (the "Units") at a price of $0.20 for aggregate gross proceeds of up to $1,200,000. Each Unit shall consist of one common share of the Company (a "Common Share") issued on a flow-through basis in connection with which Foran will incur and renounce Canadian exploration expenses, and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable for one Common Share at a price of $0.30 per Common Share for 18 months from the date of closing of the Placement. |
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| Source:http://www.marketwired.com/mw/release.do?id=1870347&sourceType=3 |
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