Transactions
Peterson Law represents Foran Mining Corp. as it closes its $5 Million Private Placement
On August 30, 2012, Foran Mining Corporation (“Foran”) closed a private placement of 5,719,769 units at a price of $0.58 per unit for gross proceeds of $3.32 million, and 2,648,077 flow-through shares at a price of $0.65 per share for gross proceeds of $1.72 million. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share of Foran at a price of $0.80, expiring one year after the date of issuance. Aggregate gross proceeds from the offering were approximately $5,000,000.
Stifel Nicolaus Canada Inc. led the offering along with Fraser Mackenzie Limited (collectively the “Agents”). The Agents were paid a cash commission in connection with the offering.
Recent Transactions
Peterson McVicar Acts for Foran in Upsize to Previously Announced Brokered Private Placement to C$100 Million
Peterson McVicar Acts for Probe Gold in $15 Million Bought Deal Private Placement
Peterson McVicar Acts for Red Cloud in C$5.0M Bought Deal Private Placement and Concurrent Non-Brokered Private Placement of C$2.0 Million with Brunswick Exploration
Peterson McVicar Acts for Red Cloud in C$5.0M Bought Deal Private Placement and Concurrent Non-Brokered Private Placement of C$2.0 Million with Brunswick Exploration