VANCOUVER, BC–(Marketwired – February 13, 2017) – Foran Mining Corporation (TSX VENTURE: FOM) (“Foran” or the “Company”) wishes to advise that it has received early warrant exercise notifications from Pierre Lassonde, Darren Morcombe, and other insiders. These transactions will increase Pierre Lassonde’s interest in the Company to 11.6% and Darren Morcombe’s, who is Executive Chairman of the Company, to 12.7%. Patrick Soares, President of the Company, and Maurice Tagami, Director of the Company, are also exercising their warrants early. In addition, Raglan Capital the majority owner of Orbian, has exercised all of its warrants. Orbian is the largest supply chain finance company in the world, providing financing to several of the largest mining companies globally. The warrants have an exercise price of $0.25 and are due to expire on December 31, 2017.
