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Foran Closes Second Tranche of $360M Private Placement for Additional Gross Proceeds of $71M

Newswire.ca - Tue Sep 17, 7:54AM CDT

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All amounts are in Canadian dollars unless stated otherwise

VANCOUVER, BC, Sept. 17, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that following the receipt of all requisite shareholder approvals at the special meeting of shareholders held on Monday, September 16, 2024, it has now completed the second tranche of its previously announced $360 million private placement financings (the "Offering"), for aggregate gross proceeds of $70,950,788 (the "Second Tranche Offering").  Upon closing of the Second Tranche Offering, the full financing of $360 million previously announced on July 17, 2024 is now complete.

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