VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX.V:FOM) (“Foran” or the “Company”) is pleased to announce that it has completed the second and final tranche of its non-brokered private placement (the “Offering”). The final tranche consisted of the Company issuing 4,527,500 common shares on a flow-through basis (“FT Shares”) at a price of $0.66 per FT Share for gross proceeds of $2,988,150, bringing the total of the two tranches to $9,381,642. In total, the Company issued 6,276,500 FT Shares for gross proceeds of $4,142,490 and 10,914,900 common shares on a non-flow through basis (“NFT Shares”) at a price of $0.48 per NFT Share for gross proceeds of $5,239,152.
Foran Mining Completes $9.4 Million Private Placement
Jul 05, 2018
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