Foran Mining Corporation

Foran Mining Corporation

March 09, 2016 15:06 ET

Foran Announces Expiry of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 9, 2016) - Foran Mining Corporation (TSX VENTURE:FOM) ("Foran" or the "Company") announces that further to its news release disseminated on March 8, 2016, where it announced the granting of 2,760,000 stock options to Directors, Officers, Employees and Consultants of the Company, Foran announces that during February 2016, 2,000,000 stock options with an exercise price of $1.25 expired and another 200,000 stock options with a weighted average exercise price of $0.70 were cancelled.

A further 470,000 stock options with a weighted average exercise price of $0.80 will expire in March 2016 if unexercised and 250,000 stock options with an exercise price of $0.90 will expire in April 2016 if unexercised.

About Foran Mining

Foran is an exploration and development company focused on copper-zinc in the Hanson Lake Camp of east-central Saskatchewan. The Hanson Lake Camp is located in an area of excellent infrastructure, close to a major mining centre. In late 2014, Foran released a positive Preliminary Economic Assessment for the McIlvenna Bay deposit, Foran's first deposit in the Hanson Lake Camp.

Foran trades on the TSX.V under the symbol "FOM".

On behalf of the Board of Directors, Foran Mining Corporation

Patrick Soares, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information