Business
First Mining Files Early Warning Report in Respect of Treasury Metals Inc.
First Mining Files Early Warning Report in Respect of Treasury Metals Inc. Cana...
About this update from First Mining Gold Corp.
[{"type":"text","content":"\n \n \n \n First Mining Files Early Warning Report in Respect of Treasury Metals Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n VANCOUVER, BC,\n \n July 15, 2021\n \n /CNW/ -\n \n First Mining Gold Corp. (\"First Mining\" or the \"Company\")\n \n (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) announces that it has filed an early warning report with respect to Treasury Metals Inc. (the \"\n \n Treasury Metals\n \n \") in connection with First' Mining's ownership of common shares of Treasury Metals (\"\n \n TML\n \n \n Shares\n \n \") and common share purchase warrants of Treasury Metals (\"\n \n TML Warrants\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to a share purchase agreement dated\n \n June 3, 2020\n \n among Treasury Metals and First Mining, Treasury Metals acquired all of the issued and outstanding shares of Tamaka Gold Corporation (the \"\n \n Transaction\n \n \"), a wholly-owned subsidiary of First Mining at the time and the indirect owner of the Goldlund Gold Project (the \"\n \n Goldlund Project\n \n \"), from First Mining in exchange for, among other things, 130,000,000 TML Shares and 35,000,000 TML Warrants. As a result of a 3:1 share consolidation which was undertaken by Treasury Metals and which became effective on\n \n August 11, 2020\n \n (the \"\n \n Consolidation\n \n \"), the number of TML Shares held by First Mining immediately after the Consolidation was reduced to 43,333,332 TML Shares, and the number of TML Warrants held by First Mining was reduced to 11,666,666 TML Warrants. For more details about the Consolidation, please refer to the news releases of Treasury Metals dated\n \n August 5, 2020\n \n and\n \n August 12, 2020\n \n .\n \n \n In connection with the Transaction, First Mining agreed to use commercially reasonable efforts to distribute to First Mining's shareholders, within twelve months of closing the Transaction, a portion of the TML Shares, and all of the TML Warrants, received by First Mining under the Transaction. On\n \n July 15, 2021\n \n , First Mining distributed 23,333,333 TM...