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First Nordic Completes Acquisition of its 100%-Owned Oijärvi Project in Finland
First Nordic Completes Acquisition of its 100%-Owned Oijärvi Project in Finland Ca...
About this update from Goldsky Resources Corp.
[{"type":"text","content":"\n\n\n\n First Nordic Completes Acquisition of its 100%-Owned Oijärvi Project in Finland\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\n VANCOUVER, BC\n \n ,\n \n\n Aug. 1, 2024\n \n\n /CNW/ -\n \n First Nordic Metals Corp.\n \n (\"\n \n FNM\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that\n \n yesterday\n \n it completed its acquisition of the Oijärvi Gold Project (\"\n \n Oij\n \n\n ä\n \n\n rvi\n \n \" or the \"\n \n Project\n \n \") that was announced on\n \n July 15, 2024\n \n (the \"\n \n Transaction\n \n \"). Oijärvi is a 17,600 hectare greenstone belt land package that includes the Kylmäkangas gold deposit, which contains a high-grade underground resource that has seen limited drilling.\n \n\n\n\n\n\n\n\n\n The Transaction was effected by way of a subscription agreement between FNM and Agnico Eagle Mines Limited (\"\n \n Agnico Eagle\n \n \"), pursuant to which Agnico Eagle exchanged amounts due under the asset purchase agreement between certain subsidiaries of FNM, certain subsidiaries of Agnico Eagle and EMX Royalty Corporation dated\n \n March 19, 2021\n \n , as amended\n \n May 1, 2023\n \n (the \"\n \n Purchase Agreement\n \n \") for 27,954,872 common shares of the Company (the \"\n \n Shares\n \n \").\n \n [1]\n \n\n\n FNM issued the 27,954,872 Shares to Agnico Eagle at a subscription price of\n \n C$0.2925\n \n per Share for gross proceeds of\n \n $8,176,800\n \n , which proceeds were used by FNM to immediately satisfy the remaining consideration payable to certain subsidiaries of Agnico Eagle under the Purchase Agreement. The Transaction was treated as a shares-for-debt transaction under the policies of the TSX Venture Exchange (the \"\n \n TSXV\n \n \") and remains subject to final acceptance of the TSXV.\n \n\n In connection with the Transaction, Agnico Eagle and FNM entered into an investor rights agreement that provides Agnico Eagle with, among other things, certain rights in the event it maintains minimum ownership thresholds in the Company, including: (i) the right to par...