![]() The net proceeds of the Offering will be used for exploration and development of the Company's mineral projects in Saskatchewan, and for working capital and general corporate purposes. The aggregate gross proceeds of the Offering was $100,000,330. The Offering consisted of (i) 20,270,300 common shares of the Company (the " Common Shares") at an issue price of C$3.70 per Common Share, for gross proceeds of C$75,000,110 and (ii) 4,417,000 Common Shares with each such Common Share to be issued as a "flow-through share" within the meaning of the Income Tax Act ( Canada) (the " FT Shares") at an issue price of C$5.66 per FT Share, for gross proceeds of C$25,000,220. (TSXV: FOM) (OTCQX: FMCXF) (" Foran" or the " Company") is pleased to announce the successful completion of its previously announced C$100.0 million private placement (the " Offering"). VANCOUVER, BC, Ma/CNW/ - Foran Mining Corp. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
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