Peterson Law acts for Foran Mining Corporation as it closes its $1.2 Million Private Placement
On February 11, 2014, Foran Mining Corporation (“Foran”) closed a non-brokered private placement of 6,000,000 units (“FT Units”) at a price of $0.20 per FT Unit for gross proceeds of $1,200,000. Each FT Unit consisted of one common share of Foran, issued on a flow-through basis, and one-half of one common share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of Foran at a price of $0.30 until August 11, 2015.
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