Foran unveils proposed $200 million Teachers investment – Canadian Investor

-TSXV] shares rallied Monday after the company announced details of a proposed investment of up to $200 million from the Ontario Teachers Pension Plan Board.

Foran Mining is a copper-zinc-gold-silver exploration and development company, which is planning to build the first mine in Canada designed to be carbon neutral from day one. A feasibility study envisions a state-of-the art, and re-designed mine plan to accommodate a larger production base at 4,200 tonnes per day, which will serve as a starter-plant and is designed to accommodate future expansions.

The proposed investment will consist of a $180 million convertible secured instrument, whereby draws will be made contingent on and pro-rata with a senior secured credit facility.

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Foran announces proposed investment of up to C$200M from Ontario Teachers’ Pension Plan BoardA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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Foran announces proposed investment of up to C$200M from Ontario Teachers’ Pension Plan BoardA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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