Business
First Mining Obtains Final Order for Plan of Arrangement and Confirms Key Dates for Distribution of Treasury Metals Shares & Warrants
First Mining Obtains Final Order for Plan of Arrangement and Confirms Key Dates for Distr...
About this update from First Mining Gold Corp.
[{"type":"text","content":"\n \n \n \n First Mining Obtains Final Order for Plan of Arrangement and Confirms Key Dates for Distribution of Treasury Metals Shares & Warrants\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n First Mining Obtains Final Order for Plan of Arrangement and Confirms Key Dates for Distribution of Treasury Metals Shares & Warrants\n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n July 5, 2021\n \n /CNW/ -\n \n First Mining Gold Corp. (\"First Mining\" or the \"Company\")\n \n (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has obtained a final order from the Supreme Court of\n \n British Columbia\n \n approving the Company's previously announced plan of arrangement (the \"\n \n Arrangement\n \n \") pursuant to which First Mining will distribute 23,333,333 common shares and 11,666,666 common share purchase warrants of Treasury Metals Inc. (\"\n \n Treasury\n \n \n Metals\n \n \") to shareholders of First Mining on a pro rata basis, by way of a reduction in the capital of the common shares of First Mining (the \"\n \n Distribution\n \n \"). Each common share purchase warrant of Treasury Metals is exercisable, on a cashless basis only, for one common share of Treasury Metals at an exercise price of\n \n $1.50\n \n per share until\n \n August 7, 2023\n \n .\n \n \n \n \n \n \n \n \n \n The Arrangement was previously approved by First Mining's shareholders at the annual general & special meeting of shareholders held on\n \n June 30, 2021\n \n .\n \n \n Further to the Company's\n \n June 16, 2021\n \n news release, the Company confirms the following key dates in relation to the Distribution:\n \n \n \n July 14\n \n , 2021: Record date for the Distribution\n \n \n \n July 15\n \n , 2021: Effective date of the Distribution\n \n \n First Mining confirms that it has received all requisite approvals for the Distribution and that the\n \n July 14\n \n \n th\n \n record date and the Distribution are now unconditional.\n \n \n Further details of the Distribution are set out in th...