Bullboard - Stock Discussion Forum First Mining Gold Corp FFMGF

Primary Symbol: T.FF

Metals & Mining Gold

First Mining Gold Corp. is a Canada-based gold developer advancing two of its largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario and the Duparquet Project in Quebec. The Company also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests, including the Pickle Crow Gold Project (being advanced in partnership with FireFly Metals Ltd... see more

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First Mining Gold Corp > Additional Interest in Beattie Gold Mines

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Post by Betteryear2 on Feb 08, 2022 1:37pm

Additional Interest in Beattie Gold Mines

VANCOUVER, BC, Feb. 8, 2022 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has acquired, from two individuals, an aggregate of 286,904 common shares ("Shares") of Beattie Gold Mines Ltd. ("Beattie"), a private company that owns the mineral rights to mining claims that make up the former Beattie mining concession that form a large part of the Duparquet Gold Project located on the Destor-Porcupine Fault in Qubec (the "Transaction"). The per Share consideration paid under the Transaction was C$4.44 cash per Beattie Share and 26.62 common shares of First Mining per Beattie Share for a total consideration of C$1,272,824 in cash and 7,636,944 First Mining common shares. Together with the 187,839 common shares of Beattie already owned by Clifton Star Resources Inc., a wholly-owned subsidiary of First Mining, the Company now owns 474,743 shares of Beattie, increasing its ownership in Beattie from 10% to 25.3% of the issued and outstanding common shares of Beattie.

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