First Mining Finance (TSE:FF) has released an update.
First Mining Gold Corp. successfully completed a bought deal financing, raising C$8 million with the exercise of an over-allotment option, offering units at C$0.135 each. The proceeds will be used to further develop their major gold projects in Canada and for general corporate purposes. The deal included common shares and half-share purchase warrants, enabling additional share acquisition at C$0.20 within the next 36 months.
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