First Mining Gold to sell 59.5M shares at $0.84
The underwriters may purchase up to 8,929,500 additional shares within 30 days after the Closing Date, for $7,500,780 in gross proceeds if fully exercised.
Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary
First Mining Gold Corp. (FFMGF) entered into a bought-deal underwriting agreement for 59,530,000 common shares at $0.84 per share, for aggregate gross proceeds to the Company of $50,005,200.
The Company also granted the underwriters an option to purchase up to 8,929,500 additional shares at the same price. If fully exercised, the option would provide $7,500,780 in aggregate gross proceeds and may be exercised in whole or in part for 30 days after the Closing Date to cover the underwriters’ over-allocation position. The agreement lists Haywood Securities Inc., ATB Cormark <a href="https://bitcomme.com/murex-and-google-cloud-announce-strategic-partnership-to-accelerate-innovation-in-capital-markets/” title=”Murex and Google Cloud Announce Strategic Partnership to Accelerate Innovation in Capital Markets”>Capital Markets Corp. and National Bank Financial Inc. as co-lead underwriters and joint bookrunners, each with a 22% allocation. Net proceeds are intended for the uses set forth in the Prospectus Supplement under “Use of Proceeds.”
Positive
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Negative
- None.
