VANCOUVER, BC, Jan. 24,
2024 /CNW/ - First Mining Gold Corp. ("First
Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF)
(FRANKFURT: FMG) announces that it has obtained a receipt for as
final short form base shelf prospectus (the "Final Shelf
Prospectus") filed with the securities regulatory authorities in
each of the provinces of Canada,
and its corresponding registration statement on Form F-10 (the
"Registration Statement") has been filed with the United States
Securities and Exchange Commission (the "SEC") and become effective
under the U.S./Canada Multijurisdictional Disclosure System.
First Mining has filed the Final Shelf Prospectus and the
Registration Statement to provide the Company with greater
financial flexibility going forward, but has not entered into any
agreements or arrangements to authorize or offer any Securities (as
defined below) at this time.
The Final Shelf Prospectus and the Registration Statement will
allow First Mining to undertake offerings of common shares
(including common shares issued on a "flow-through" basis),
preferred shares, warrants, subscription receipts and units
(collectively, the "Securities"), or any combination thereof, up to
an aggregate total of C$100 million
from time to time during the 25-month period that the Final Shelf
Prospectus remains effective. The Securities may be offered in
amounts, at prices and on terms to be determined at the time of
sale and, subject to applicable regulations, may include
"at-the-market" transactions, public offerings or strategic
investments. The specific terms of any offering of Securities, if
any, including the use of proceeds from such offering, will be set
forth in a shelf prospectus supplement pertaining to such offering
to be filed with applicable securities regulatory authorities.
Copies of the Final Shelf Prospectus and the Registration
Statement can be found, respectively, under the Company's SEDAR+
profile at www.sedarplus.ca and on EDGAR at www.sec.gov, or
may be obtained by request to Richard
Huang, Vice President, Corporate Development, Suite 2070 –
1188 West Georgia Street, Vancouver, British Columbia V6E 4A2,
Canada (tel: 1-844-306-8827), or
to info@firstmininggold.com.
No securities regulatory authority has either approved or
disapproved the contents of this news release. This news release
does not constitute an offer to sell or a solicitation of an offer
to buy any securities of the Company in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest
gold projects in Canada, the
Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility
Study and permitting activities are on-going with a draft
Environmental Impact Statement ("EIS") for the project published in
June 2022, and the Duparquet Project
in Quebec, a PEA stage development
project located on the Destor-Porcupine Fault Zone in the prolific
Abitibi region. First Mining also owns the Cameron Gold
Project in Ontario and a portfolio
of gold project interests including the Pickle Crow Gold Project
(being advanced in partnership with FireFly Metals Ltd), the Hope
Brook Gold Project (being advanced in partnership with Big Ridge
Gold Corp.), and a large equity interest in Treasury Metals
Inc.
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of
First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Toll Free: 1 844 306 8827 | Email:
info@firstmininggold.com
Paul Morris | Director,
Investor Relations | Email:
paul@firstmininggold.com
Cautionary Note Regarding Forward-Looking
Statements
This news release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made as of the date of this news release.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"plans", "projects", "intends", "estimates", "envisages",
"potential", "possible", "strategy", "goals", "opportunities",
"objectives", "targeted", "advancing", "proving" or variations
thereof or stating that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved,
or the negative of any of these terms and similar
expressions.
Forward-looking statements in this news release relate to
future events or future performance and reflect current estimates,
predictions, expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to: (i)
the filing and effectiveness of any potential prospectus
supplement; (ii) the Company undertaking any offering of Securities
under the Final Shelf Prospectus and corresponding Registration
Statement, including the amount and terms of any Securities to be
offered; (iii) the Company's plans with respect to advancing its
portfolio of gold projects; (iv) feasibility and permitting
activities related to the Springpole Gold Project; and (v)
realizing the value of the Company's gold projects for the
Company's shareholders. All forward-looking statements are based on
First Mining's or its consultants' current beliefs as well as
various assumptions made by them and information currently
available to them. There can be no assurance that such statements
will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors.
Such factors include, without limitation:; the potential offering
of any Securities by the Company; uncertainty with respect to the
completion of any future offering; the ability to obtain applicable
regulatory approval for any contemplated offerings; the ability of
the Company to negotiate and complete future funding transactions;
fluctuations in the spot and forward price of gold, silver, base
metals or certain other commodities; fluctuations in the currency
markets (such as the Canadian dollar versus the U.S. dollar);
changes in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks
and hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins
and flooding); the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and
claims by local communities, indigenous populations and other
stakeholders; availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral
exploration and development; title to properties.; and the
additional risks described in the Company's Annual Information Form
for the year ended December 31, 2022
filed with the Canadian securities regulatory authorities under the
Company's SEDAR+ profile at www.sedarplus.ca, and in the
Company's Annual Report on Form 40-F filed with the SEC and on
EDGAR.
First Mining cautions that the foregoing list of factors that
may affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to First
Mining, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
First Mining does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by the Company or on our behalf, except as required by
law.
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SOURCE First Mining Gold Corp.