June 15, 2016 / 1:32 PM / a year ago

BRIEF-Foran announces $1 mln non-brokered private placement

June 15 (Reuters) - Foran Mining Corp :

* Intends to complete a non-brokered private placement financing of 5.8 million units at a price of $0.17 per unit

* Net proceeds of offering will be used to conduct additional metallurgical studies on company's 100% owned Mcilvenna bay project

* Foran Announces $1,000,000 Non-Brokered private placement Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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