TORONTO, Sept. 24, 2014 /CNW/ - Mr. Pierre Lassonde announced today that he has recently purchased 931,500 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 9,171,069 common shares of the Company. Mr. Lassonde's current shareholdings represent approximately 12.14% of the current issued and outstanding common shares of the Company. Mr. Lassonde has further advised the Company that he has acquired the additional 931,500 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 dictate.
SOURCE: Pierre Lassonde
For further information: Pierre Lassonde, Franco-Nevada Corporation, 130 King Street West, Suite 740, Toronto, Ontario M5X 1E4, 416 306 6308.