First Mining Gold (FF.TO) Announces That It Has Filed An Early Warning Report Concerning Treasury Metals

Between July 12 to July 14, has stood around Can$0.4900 and Can$0.4600, which means the stock fluctuated. On Wednesday, the stock substantially dropped to Can$0.4050 from Can$0.4650, represented by 12%. The shares now are open at Can$0.4050. The general market capitalization is 282.435 million dollars.See the source image First Mining Gold Corp. has listed an early alert report with Treasury Metals Inc. (the “Treasury Metals”) in connection with First Mining’s ownership of Treasury Metals common shares and Treasury Metals standard share purchase warrants. Treasury Metals purchased all of the issued and outstanding shares of Tamaka Gold Corporation.

A wholly-owned subsidiary of First Mining at the time and the indirect owner of the Goldlund Gold Project, from First Mining according to a share purchase agreement dated June 3, 2020, between Treasury Metals and First Mining in exchange for, among other things, 130,000,000 TML Shares and 35,000,000 TML Warra. Consequently, of the Distribution, First Mining’s ownership interest in Treasury Metals decreased to 19,999,999 TML shares, approximately 15.36% of the outstanding TML shares without dilution, based on the number of issues.

Jack Dawkins

Finance and Tech Contributor

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