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First Mining's Joint Venture Partner Completes Stage 1 Earn-In for the Pickle Crow Gold Project, Ontario, Canada
First Mining's Joint Venture Partner Completes Stage 1 Earn-In for the Pickle Crow Gold P...
About this update from First Mining Gold Corp.
[{"type":"text","content":"\n \n \n \n First Mining's Joint Venture Partner Completes Stage 1 Earn-In for the Pickle Crow Gold Project, Ontario, Canada\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Auteco Minerals issues 100,000,000 Auteco shares to First Mining\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 9, 2021\n \n /CNW/ -\n \n First Mining Gold Corp. (\"First Mining\"\n \n or the\n \n \"Company\")\n \n (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to report that Auteco Minerals Ltd (\"Auteco\") (ASX: AUT) has completed the first stage of its earn-in with respect to the Pickle Crow Gold Project located in northwestern\n \n Ontario, Canada\n \n (\"Pickle Crow\").  In connection with the completion of Stage 1 of the earn-in, Auteco has issued 100,000,000 shares of Auteco to First Mining. As a result of completing Stage 1 of the earn-in, Auteco (through one of its subsidiaries) now owns a 51% interest in PC Gold Inc. (\"PC Gold\"), First Mining's wholly-owned subsidiary that owns Pickle Crow. In addition, the parties have executed a joint venture shareholders agreement (the \"JV Agreement\") in respect of PC Gold.  Auteco has a two-year follow-on period, commencing as of\n \n June 4, 2021\n \n , within which to acquire an additional 19% interest in PC Gold (the \"Stage 2 Earn-In\").\n \n \n \n \n \n \n \n \n \n \"First Mining is delighted by the excellent progress Auteco has made on Pickle Crow in such a short period of time.\" stated\n \n Dan Wilton\n \n , CEO of First Mining. \"With this latest issuance of shares, First Mining now owns 125 million shares of Auteco with an approximate fair value of\n \n $10.5 million\n \n .  The Auteco team's timely completion of Stage 1 of the earn-in and their equally aggressive target for completing Stage 2 demonstrates the calibre of partner we have engaged to help unlock the value of one of the exceptional projects in our portfolio.\"\n \n \n \"We have completed the Stage 1 earn-in requirements for a 51% stake in the Pickle Crow Project, and it is a testame...