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VANCOUVER, BC, Dec. 12, 2023 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the successful completion of its previously announced C$200 million financing which consisted of: (a) a brokered private placement (the "Brokered Offering") comprised of the sale of (i) 36,594,000 common shares of the Company (the "Common Shares") at an issue price of C$4.10 per Common Share, for gross proceeds of C$150,035,400; and (ii) 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 C$10,003,200, and (b) a non-brokered private placement (the "Non-Brokered Offering", and together with the Brokered Offering, the "Offerings") consisting of the sale of 9,756,000 Common Shares at an issue price of C$4.10 per Common Share, for gross proceeds of C$39,999,600. The aggregate gross proceeds of the Offerings were $200,038,200.