Brief: Foran Announces Strategic Investments by Fairfax Financial, Agnico Eagle and other Cornerstone Investors

Foran Mining

15/07/2024 13:47

July 15 (Reuters) - Foran Mining Corp  FOM.TO :
    * FORAN ANNOUNCES STRATEGIC INVESTMENTS BY FAIRFAX
FINANCIAL,
AGNICO EAGLE AND OTHER CORNERSTONE INVESTORS, FORMAL
CONSTRUCTION DECISION FOR PHASE 1 AT MCILVENNA BAY AND ADVANCES
PLANNING FOR PHASE 2
    * FORAN MINING CORP - BOARD OF DIRECTORS FORMALLY APPROVES
CONSTRUCTION, LED BY G MINING SERVICES, WITH COMMERCIAL
PRODUCTION EXPECTED IN H1 2026
    * FORAN MINING CORP - MCILVENNA BAY PROJECT CREDIT FACILITY
EXPANDED TO US$250 MILLION
    * FORAN MINING CORP - ANNOUNCES $315 MILLION STRATEGIC
INVESTMENTS
    * FORAN MINING-ENTERED SUBSCRIPTION AGREEMENT ON WHICH
AGNICO
EAGLE AGREED TO BUY UP TO 22.96 MILLION COMMON SHARES AT ISSUE
PRICE OF $4.05 PER COMMON SHARE

Source text for Eikon:  ID:nGNX4458Sd 
Further company coverage:  FOM.TO 

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