Foran Notice of Annual and Special Meeting of Shareholders
May 02 2014 - 1:58PM
Marketwired
Foran Notice of Annual and Special Meeting of Shareholders
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2014) - Foran
Mining Corporation (TSX-VENTURE:FOM) ("Foran" or the "Company")
today announces that the Company will hold its Annual and Special
Meeting of Shareholders at 1:30 pm (Pacific Time) on Wednesday, May
28, 2014. The meeting will be held at 409 Granville Street, Suite
904, Vancouver, British Columbia.
Shareholders of record as of April 28, 2014 will be entitled to
vote on the election of directors, appointment of auditors,
approval of the Company's stock option plan, and two special
resolutions regarding the continuance of the Company from the
province of Saskatchewan to the province of British Columbia, and
certain amendments to the authorized share capital of Foran as more
particularly described in the management information circular of
the Company dated April 28, 2014 (the "Circular"). The Circular
with respect to the meeting is available at www.sedar.com.
About Foran
Mining
Foran is a diversified exploration and development company with
projects in the Flin Flon Mining Belt. The Company's flagship
McIlvenna Bay Deposit, located in east-central Saskatchewan, 65
kilometres west of Flin Flon, Manitoba, is one of the largest
undeveloped VMS deposits in Canada.
On March 27, 2013, Foran announced an increased mineral resource
estimate for the McIlvenna Bay Deposit, with indicated resources of
13.9 million tonnes grading 1.96% copper equivalent or 13.19% zinc
equivalent (1.28% Cu, 2.67% Zn, 0.49 g/t Au, 17 g/t Ag) and an
inferred resource of 11.3 million tonnes grading 2.01% copper
equivalent or 13.52% zinc equivalent (1.32% Cu, 2.97% Zn, 0.43 g/t
Au, 17 g/t Ag). For additional information, see the Foran news
release dated March 27, 2013 or the report entitled "Technical
Report on the McIlvenna Bay Project, Saskatchewan, Canada" dated
December 9, 2011 at www.sedar.com or www.foranmining.com.
As at December 31, 2013 Foran had a treasury of $4.3 million in
cash and cash equivalents. Subsequently, on February 11, 2014, the
Company announced the closing of a non-brokered flow-through
financing for proceeds of $1.2M.
Roger March, VP Project Exploration for Foran and a Qualified
Person within the meaning of National Instrument 43-101, has
reviewed and approved the technical information in this
release.
Foran trades on the TSX.V under the symbol "FOM".
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy of this release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Forward Looking
Statements
This news release contains forward-looking information which is
not comprised of historical facts. Forward-looking information
involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, Foran's objectives,
goals or future plans, statements regarding the estimation of
mineral resources, exploration results, potential mineralization,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
failure to convert estimated mineral resources to reserves, capital
and operating costs varying significantly from estimates, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects and the other risks involved in the mineral
exploration and development industry, and those risks set out in
Foran's public documents filed on SEDAR. Although Foran believes
that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can
be given that such events will occur in the disclosed time frames
or at all. Foran disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Foran Mining CorporationPatrick SoaresPresident &
CEO416-363-9229409 Granville Street, Suite 904Vancouver, BC,
Canada, V6C 1T2Foran Mining CorporationFiona ChildeVP, Corporate
Development416-363-9229199 Bay Street, Suite 2500, P.O. Box
285Toronto, ON, Canada, M5L 1G9Foran Mining
Corporation416-363-9229ir@foranmining.comwww.foranmining.com
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