The approval of the second tranche of a previously announced offering by Foran Mining Corporation was confirmed at a special shareholder meeting. The meeting resulted in the approval of resolutions necessary for the completion of the offering. Shareholders cast votes in favor of the Share Issuance Resolution and the Pro Rata Increase Resolution, enabling the Company to proceed with the second tranche of the Offering, expected to close on or about September 17, 2024, with gross proceeds of approximately $70,950,788.
Foran Mining Corporation is a copper-zinc-gold-silver exploration and development company committed to sustainable practices and community engagement. The Company’s projects, including the McIlvenna Bay Project and the Bigstone Deposit, are strategically located in areas rich in mineral resources. The McIlvenna Bay Deposit, recognized as one of the largest undeveloped VHMS deposits in the region, has the potential to support a significant mine life and annual copper equivalent production.
Investors are encouraged to review the Company’s technical reports for more detailed information on its projects. The Company’s shares are listed on the TSX under the symbol “FOM” and on the OTCQX under the symbol “FMCXF.”
Forward-looking statements included in this release provide insight into the Company’s future plans and projections. While based on reasonable assumptions, these statements are subject to various risks and uncertainties that could impact actual results. The Company disclaims any obligation to update or revise forward-looking statements, except as required by law. Additional information on risk factors and uncertainties is available in the Company’s regulatory filings.
For further information or media inquiries, please contact Jonathan French, CFA, VP, Capital Markets & External Affairs at Foran Mining Corporation.
