First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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Message: First Mining Gold Closes US$22.4 Million Financing for Springpole Gold Project
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2020-07-02 04:51:12 PM ET (MT Newswires)
   
   

04:51 PM EDT, 07/02/2020 (MT Newswires) -- First Mining Gold (FF.TO) on Thursday said it closed a US$22.5 million silver-purchase agreement with First Majestic Silver (FR.TO) to pay for the advancement of its Springpole Gold Project in Ontario.

First Mining said the financing for the right to purchase 50% of Springpole's silver production will be paid out in three stages; US$10 million upfront, with US$2.5 million in cash and the remained in First Majestic shares, US$7.5 million after completion of a pre-feasibility study and US$5 million after the project receives environmental approvals.

First Mining shares closed up C$0.015 to C$0.44 on the Toronto Stock Exchange,

Price: 0.4400, Change: +0.0150, Percent Change: +3.53
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