12:19:53 EDT Sun 12 Jul 2020
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Foran Mining Corp (2)
Symbol FOM
Shares Issued 128,274,451
Close 2019-03-26 C$ 0.34
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Foran Mining appoints Grossi to board

2019-03-27 07:16 ET - News Release

Mr. Patrick Soares reports


Mario Grossi has agreed to join Foran Mining Corp.'s board of directors.

Mr. Grossi is the president, chief executive officer and founder of Technica Group Inc. and Technica Mining. Technica Mining is Ontario's second largest underground mining and construction contractor, employing over 450 people and operating Canada-wide. He has worked within the Canadian mining and metals industry for over 25 years, focused on continuously improving mining techniques while striving to create a zero-harm workplace.

"We are delighted to have Mario join our board," said Darren Morcombe, executive chairman of Foran. "He brings a wealth of knowledge and expertise that strengthens our ability to drive value for shareholders."

"Mario's hands-on mining experience is valuable for Foran as we move the McIlvenna Bay project beyond feasibility. Adding an experienced mining contractor to our board at this stage enhances our ability to evaluate the best way to develop McIlvenna Bay. We anticipate benefits from his involvement for both shareholders and the Board," commented Patrick Soares, president and chief executive officer of Foran.

Pursuant to its stock option plan, the company also announces that it has granted a total of 2.07 million incentive stock options to directors, officers, employees and consultants of the company. Each stock option will allow the holder to purchase a common share of Foran at a price of 34 cents, with an expiry date of March 27, 2024.

We seek Safe Harbor.

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