- ISS cites strategic rationale, valuation and process in issuing its endorsement of the Arrangement with Eldorado Gold
- Your vote is important. Vote well in advance of the proxy voting deadline on Thursday, April 2, 2026 at 10:00 a.m. (Vancouver time).
- Shareholder questions or need voting assistance? Please contact Laurel Hill Advisory Group by email at [email protected] , by calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America), or by texting “INFO” to either number.
VANCOUVER, BC, March 25, 2026 /CNW/ – Foran Mining Corporation (TSX:FOM) (OTCQX:FMCXF) (“Foran” or the “Company”) is pleased to announce that leading independent proxy advisory firm Institutional Shareholder Services, Inc. (“ISS”), recommended that the Company’s shareholders vote FOR the proposed plan of arrangement involving Eldorado Gold Corporation (“Eldorado”), Foran Mining Corporation (“Foran”) and the securityholders of Foran (the “Arrangement”).
The special meeting of Foran securityholders to consider and vote on the Arrangement is scheduled for Tuesday, April 7, 2026 at 1:00 p.m. (Toronto time) at the offices of McCarthy Tétrault LLP located at Suite 5300, 66 Wellington Street West, Toronto, Ontario (the “Meeting”).
Under the Arrangement, Eldorado will acquire all of the issued and outstanding Foran common shares. Each Foran shareholder (other than certain dissenting shareholders) will receive 0.1128 of an Eldorado share and $0.01 in cash for each Foran common share held, subject to adjustment for fractional shares.
Upon completion of the Arrangement, Foran will become a wholly-owned subsidiary of Eldorado.
ISS Recommendation
In its report, ISS found that “strategic rationale makes sense, as the resulting issuer may benefit from diversification, increased growth, exploration upside, financial flexibility, and re-rating potential” in issuing its endorsement of the Arrangement.
“We are pleased that ISS has recognized the merits of this transaction and the disciplined, value-focused rationale supporting it,” said Dan Myerson, Executive Chairman and Chief Executive Officer. “Foran’s Board unanimously recommends that shareholders vote FOR the proposed arrangement with Eldorado Gold, and we encourage all shareholders to vote well in advance of the deadline.”
ISS has also issued a report on the Eldorado special meeting, similarly recommending shareholders of Eldorado vote FOR the share issuance resolution.
As an independent proxy advisory firm, ISS has approximately 3,400 clients including many of the world’s leading institutional investors who rely on ISS’ objective and impartial analysis to make important …
