Peterson McVicar Acts for Foran in C$200 Million Brokered Private Placement

On November 27, 2023 Foran Mining Corporation (“Foran” or the “Company”) announced that it has
entered into an agreement with BMO Capital Markets as sole bookrunner and co-lead agent together
with Eight Capital and National Bank Financial as co-lead agents, on behalf of a syndicate of agents
(together the “Agents”) pursuant to which the Company has launched a proposed private placement
(the “Offering”) for aggregate gross proceeds of up to approximately C$200 million.
The Offering will consist of (i) up to 46,350,000 common shares of the Company (the “Common Shares”)
at an issue price of C$4.10 per Common Share, for gross proceeds of up to C$190 million; and (ii) up to
1,563,000 Common Shares with each such Common Share to be issued as a “flow-through share” within
the meaning of the Income Tax Act (Canada) (the “FT Shares”) at an issue price of C$6.40 per FT Share,
for gross proceeds of up to C$10 million. The net proceeds of the Offering will be used for exploration
and development of the Company’s mineral projects in Saskatchewan, and for working capital and
general corporate purposes.
Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) is a copper-zinc-gold-silver exploration and
development company, committed to supporting a greener future, empowering communities and
creating circular economies which create value for all our stakeholders, while also safeguarding the
environment. The McIlvenna Bay Project is located entirely within the documented traditional territory
of the Peter Ballantyne Cree Nation.

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