First Mining Gold issued 68,459,500 common shares at $0.84 each for gross proceeds of $57,505,980, including the full over-allotment option. The net funds are intended for the Springpole and Duparquet gold projects, general Working Capital and corporate purposes, while final Toronto Stock Exchange approval remains pending.

Key Highlights

  • First Mining Gold issued 68,459,500 common shares at $0.84 apiece.
  • Gross proceeds reached $57,505,980 after the over-allotment option was fully exercised.
  • Net proceeds are earmarked for the Springpole and Duparquet projects, working capital and corporate purposes.

First Mining Gold Corp. (OTC: FFMGF) is a precious metals company. It has completed a share offering that generated $57.5 million in gross proceeds. The transaction involved 68,459,500 common shares priced at $0.84 each.

Funds Target Springpole and Duparquet

The net proceeds are designated for advancing First Mining Gold’s Springpole and Duparquet gold projects, along with general working capital and corporate purposes. The shares were also offered through private placements in the United States and offshore jurisdictions under applicable securities laws. Final approval from the Toronto Stock Exchange remains required for the offering.