Explorer Forsan sets out to raise C$200m
Copper/zinc/gold/silver exploration company Foran Mining has announced a brokered private placement to raise C$200-million.
BMO Capital Markets is the sole bookrunner and co-lead agent, together with Eight Capital and National Bank Financial as co-lead agents.
The offering will consist of 46.35-million common shares at C$4.10 a share for up to C$190-million and up to 1.56-million shares with each such share to be issued as flow-through shares.
The net proceeds of the offering will be used for exploration and development of the company’s mineral projects in Saskatchewan.
Foran holds eight properties encompassing over 140 000 ha within the Hanson Lake district, along the deposit-rich Flin Flon Greenstone Belt. Its current projects include the development of the McIlvenna Bay deposit, evaluation of the Bigstone deposit, and near near-mine exploration of several promising targets.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation