https://www.engineeringnews.co.za

Explorer Forsan sets out to raise C$200m

30th November 2023

By: Creamer Media Reporter

     

Font size: - +

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.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 0.79s - 140pq - 2rq
Subscribe Now