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First Mining (TSX:FF) announces $5M non-brokered private placement

Mining, The Market Online Deal Room
TSX:FF
09 August 2022 09:00 (EST)

First Mining Gold (FF) has announced a non-brokered private placement for gross proceeds of approximately $5 million.

The company will issue up to 16,500,000 flow-through common shares for $0.30 per share.

The gross proceeds raised will fund exploration programs that qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”.

The offering is expected to close on or before August 26, 2022. The shares issued will be subject to a statutory four month hold period.

First Mining is a Canadian gold developer focused on the exploration and development of its North American mineral properties.

First Mining Gold Corp. (FF) opened trading at C$0.245.


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