The Conversation (0)
Foran Mining (TSXV:FOM) reported results of its annual and special meeting of shareholders. The meeting was held on June 8 2015.
As quoted in the press release:
This included the election of directors, appointment of auditors, approval of the Company’s stock option plan, and a special resolution regarding an advanced notice provision as more particularly described in the management information circular of the Company dated May 5, 2015 (the “Circular”). The Circular with respect to the meeting is available at www.sedar.com.
The shareholders elected Darren Morcombe, Patrick Soares, Sharon Dowdall, Maurice Tagami, Bradley Summach and David M. Petroff to the Board of Directors. The Board of Directors have reappointed Darren Morcombe as Chairman of the Board.
The company also recently reported its financial results for Q1 2015, showing a net loss of $510,401 or $0.01 per share:
This compares to a net loss of $391,005 or $0.00 per share (basic and diluted) for the three-month period ended March 31, 2014.
As at March 31, 2015, the Company had a total of $2.6 million in cash and cash equivalents (December 31, 2014: $4.1 million). Working capital totaled $2.4 million (December 31, 2014: $4.0 million).
The unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2015, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.
Click here to read the Foran Mining (TSXV:FOM) press release
Click here to see the Foran Mining (TSXV:FOM) profile.