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Foraco International SA
Symbol FAR
Shares Issued 99,251,798
Close 2026-09-10 C$ 2.85
Market Cap C$ 282,867,624
Recent Sedar+ Documents

Foraco founder Simoncini sells two million shares

2026-09-10 21:15 ET - News Release

Mr. Fabien Sevestre reports

FORACO INTERNATIONAL ANNOUNCES PLANNED SHARE SALES

Foraco International SA has been advised by the company's founder, Daniel Simoncini, that he has completed sales of Foraco ordinary shares as part of his long-term personal and estate planning.

On Sept. 9, 2026, Mr. Simoncini disposed beneficial ownership of two million ordinary shares for aggregate consideration of $6.04-million ($3.02 per ordinary share) through the facilities of the Toronto Stock Exchange. Immediately prior to the transaction, Mr. Simoncini owned or controlled, directly or indirectly, 10,571,225 ordinary shares, representing 10.65 per cent of the issued and outstanding ordinary shares. Following the transaction, Mr. Simoncini owned or controlled, indirectly, 8,571,225 ordinary shares, representing 8.64 per cent of the issued and outstanding ordinary shares, representing a change of 2.01 per cent in Mr. Simoncini's shareholdings in Foraco. All of the ordinary shares controlled by Mr. Simoncini are owned by Financiere Berlaimont SARL, an entity controlled by Mr. Simoncini. Mr. Simoncini will use the proceeds from the Simoncini transaction for personal and estate planning purposes. Mr. Simoncini may from time to time increase or decrease ownership or control of securities of Foraco depending on market conditions and/or other relevant factors.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

A copy of the early warning reports to be filed by Mr. Simoncini will be available on SEDAR+ under the company's profile or can be obtained by contacting Foraco, Fabien Sevestre, e-mail: ir@foraco.com, telephone: 1-705-495-6363, or Mr. Simoncini, Financiere Berlaimont, 51 Rue de Strasbourg, L 2561 Luxembourg.

About Foraco

Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 16 countries across five continents. For more information about Foraco, visit www.foraco.com.

The head office of the Company is 701 rue des Fournels, 34400 Lunel, France.

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