Brief: Foran Mining Announces Upsize Of Brokered Private Placement Financing To $25.0 Mln

Foran Mining

13/01/2021 23:05

Jan 13 (Reuters) - Foran Mining Corp  FOM.V :
    * FORAN MINING ANNOUNCES UPSIZE OF BROKERED PRIVATE
PLACEMENT
FINANCING TO $25.0 MILLION
    * PURSUANT TO AMENDED TERMS, OFFERING WILL NOW CONSIST OF 
UP TO
11,539,000 COMMON SHARES AT A PRICE OF C$0.65 PER SHARE
    * GROSS PROCEEDS FROM SALE OF FLOW-THROUGH SHARES WILL BE
USED BY
COMPANY TO INCUR ELIGIBLE EXPENSES
    * NET PROCEEDS FROM SALE OF SHARES WILL BE USED BY COMPANY
FOR
WORK TOWARDS COMPLETING A DEFINITIVE FEASIBILITY STUDY

Source text for Eikon:  ID:nCNWjyFxMa 
Further company coverage:  FOM.V 

 ((Reuters.Briefs@thomsonreuters.com;))