BBS Aircraft

January 17, 2007 14:54 ET

BBS Aircraft Announces Filing of Early Warning Report

SASKATOON, SASKATCHEWAN--(CCNMatthews - Jan. 17, 2007) - BBS Aircraft ("BBS"), a corporation controlled by Brad Summach, a director of Foran Mining Corporation, reports that it has filed an early warning report dated January 16, 2007 (the "Report") advising of its holdings in Foran Mining Corporation ("Foran").

As a result of a conversion of $4,700,000 Notes, BBS received 26,587,670 shares of Foran at a deemed issued price of $0.20 per share. Previously, BBS owned 4,700,000 shares of Foran.

BBS now owns 31,281,003 common shares of Foran, representing 29.8% of the issued and outstanding common shares of Foran.

BBS may acquire further securities of Foran in the future.

Contact Information

  • BBS Aircraft
    Brad Summach
    (306) 956-3990