TORONTO, Jan. 16, 2012 /CNW/ - Mr. Pierre Lassonde announced today that
he has recently purchased 1,127,500 common shares of Foran Mining
Corporation (TSX-V: FOM) (the "Company") through the facilities of the
TSX Venture Exchange.
As a result of these purchases, Mr. Lassonde currently owns or exercises
control and direction over 7,339,625 common shares of the Company. Mr.
Lassonde's current shareholdings represent approximately 11.35% of the
current issued and outstanding common shares of the Company. Mr.
Lassonde has further advised the Company that he has acquired the
additional 1,127,500 common shares for investment purposes. He has
indicated that he will review his holdings from time to time and that
he may increase or decrease his position as future circumstances may
SOURCE Pierre Lassonde
For further information:
Pierre Lassonde, Franco-Nevada Corporation, 130 King Street West, Suite 740, Toronto, Ontario M5X 1E4, 416 306 6308.