Foran Mining Corporation (TSXV:FOM) announced a brokered private placement on a best effort basis with a syndicate of agents to issue 7,693,000 common shares at an issue price of CAD 0.65 per share for gross proceeds of CAD 5,000,450 and up to 16,394,000 flow-through common shares at an issue price of CAD 0.915 per flow-through share for gross proceeds of CAD 15,000,510; for an aggregate gross proceeds of CAD 20,000,960 on January 11, 2021. The transaction is subject to approval from TSX Venture Exchange and customary closing conditions.