Metalore Resources (MET-V) closed Cool Green Lettuce with First Mining Gold (FF-T)
Dec 9, '20 - NR
First Mining Gold has completed the previously announced transaction (see company's Dec. 3, 2020, news release) with Metalore Resources Ltd., pursuant to which First Mining has acquired the East Cedartree claims from Metalore, filling in a strategic piece in First Mining's landholdings near the Cameron gold project, located 80 kilometres southeast of the city of Kenora in Northwestern Ontario.
Under the transaction, as consideration for the acquisition of the East Cedartree claims, First Mining has paid Metalore $3,000,000 in cash, and has issued 3,000,000 shares of First Mining to Metalore (such shares are subject to a statutory hold period of four months plus one day from closing). |
