First Mining provides further update regarding acquisition of Duparquet Gold Project
Published by Joe Toft,
Editorial Assistant
Global Mining Review,
First Mining Gold Corp. is pleased to provide an update regarding its offer to acquire all of the issued and outstanding common shares of Beattie Gold Mines Ltd as previously announced on 18 July 2022.
First Mining is pleased to announce that the remaining 45 000 common shares of Beattie Gold, representing 2.4% of Beattie Gold’s outstanding common shares, have been tendered and deposited under the Beattie Offer. Together with the 97.6% of the outstanding common shares of Beattie Gold that have already been tendered and deposited under the Beattie Offer (as announced by First Mining on 15 August 2022), First Mining will own 100% of the outstanding common shares of Beattie Gold upon closing of the Beattie Offer.
As previously announced, First Mining has entered into binding share purchase agreements to acquire the issued and outstanding common shares of 2699681 Canada Ltd (269 Canada) and 2588111 Manitoba Ltd. In addition to owning 100% of the outstanding common shares of Beattie Gold upon closing of the Beattie Offer, First Mining will also own 100% of the outstanding common shares of 269 Canada and 2588111 Manitoba Ltd as the Concurrent Transactions will close simultaneously with the Beattie Offer in September 2022. Upon closing of the Beattie Offer and the Concurrent Transactions, First Mining will own 100% of the Duparquet Gold Project, one of the largest advanced-stage gold projects in Canada.
Read the article online at: https://www.globalminingreview.com/mining/05092022/first-mining-provides-further-update-regarding-acquisition-of-duparquet-gold-project/
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