Foran Mining (TSE:FOM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Foran Mining Corporation has increased their private placement offering to C$360M, with the aim to fund the exploration and development of their mineral projects in Saskatchewan. The upsized offering includes a mix of common shares at C$4.05 each and flow-through shares priced between C$6.27 and C$6.88. The proceeds are also earmarked for working capital and general corporate purposes, with Agnico Eagle Mines maintaining a 9.9% interest post-offering.
For further insights into TSE:FOM stock, check out TipRanks’ Stock Analysis page.