First Mining Gold Corp 6-K, filed Mar 6, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-03-06
For: 2020-03-06
View Original
Added on
April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on March 6, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
March 2020
Commission File Number: 000-55607
First Mining Gold
Corp.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite
2070, 1188 West Georgia Street, Vancouver, B.C., V6E
4A2
(Address of principal executive office)
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F [ ]
Form 40-F [ X ]
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): [ ]
SUBMITTED
HEREWITH
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Exhibits
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Press Release dated March 6,
2020
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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First Mining Gold
Corp.
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(Registrant)
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Date: March 6, 2020
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/s/ Samir
Patel
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Samir Patel
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General Counsel and Corporate
Secretary
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NEWS RELEASE
NOT FOR
DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR
DISSEMINATION IN THE UNITED STATES
First Mining Closes Upsized $8.5 Million Private Placement
Financing
March 6, 2020 – Vancouver, BC – First Mining Gold Corp.
(“First Mining” or the “Company”)
(TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce
that it has closed its previously announced non-brokered private
placement financing (the “Offering”), raising total
gross proceeds of $8.5 million across three tranches of the
Offering.
Dan
Wilton, CEO of First Mining, stated “We are delighted to have
strong participation from our existing shareholders in this
financing. Their support, along with additional investment by
management and insiders, has allowed us to upsize this financing
and continue to move Springpole through the permitting and
Pre-Feasibility Study process.”
Pursuant
to the third and final tranche of the Offering, the Company issued
4,091,500 units of the Company (the “Units”) at a price
of $0.22 per Unit for gross proceeds of $900,130. Each Unit
consists of one common share of the Company (a “Unit
Share”) and one-half of one common share purchase warrant
(each whole common share purchase warrant, a
“Warrant”). Each Warrant will entitle the holder to
acquire one common share of the Company at a price of $0.33 at any
time prior to March 6, 2023. The Company raised $2.5 million under
the first tranche of the Offering, and $5.1 million under the
second tranche of the Offering (see news releases dated
February 14, 2020 and
February 28,
2020).
The net
proceeds raised from the sale of the Units under the Offering will
be used by the Company for development and permitting activities at
its Canadian gold projects, as well as for general working capital
purposes.
The
Unit Shares issued in the third tranche of the Offering are subject
to a statutory hold period of four months and one day from closing,
expiring on July 7, 2020.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as
such term is defined in Regulation S under the U.S. Securities Act)
unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is
available.
About First Mining Gold Corp.
First
Mining Gold Corp. is a Canadian-focused gold exploration and
development company advancing a large resource base of 7.4 million
ounces of gold in the Measured and Indicated categories and 3.8
million ounces of gold in the Inferred category. First
Mining’s primary focus is the development and permitting of
its Springpole Gold Project and the advanced exploration of its
Goldlund Gold Project, both located in northwestern Ontario.
Springpole is one of the largest undeveloped gold assets in Canada,
with permitting and a Pre-Feasibility Study underway. Goldlund is
an advanced exploration stage asset where drilling is ongoing to
define both the extension of the existing resource area and to
better define the regional scale potential. First Mining’s
eastern Canadian property portfolio also includes Cameron, Pickle
Crow, Hope Brook, Duparquet, Duquesne, and Pitt.
First
Mining was created in 2015 by Mr. Keith Neumeyer, founding
President and CEO of First Majestic Silver Corp.
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ON BEHALF OF FIRST MINING GOLD CORP.
Daniel
W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Mal
Karwowska |
Vice President, Corporate Development & Investor
Relations
Direct:
604.639.8824 | Toll Free:
1.844.306.8827 | Email:
info@firstmininggold.com
www.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”,
“objectives”, 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 use of the net proceeds from the sale of the Unit Shares issued
under the Offering for development and permitting activities at the
Company’s Canadian gold projects, and for general working
capital purposes; (ii) the Company’s focus on advancing its
assets towards production; and (iii) 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: failure to
obtain regulatory approval; demand for the Units and FT Units;
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, 2018 filed with
the Canadian securities regulatory authorities under the
Company’s SEDAR profile at www.sedar.com, and in the
Company’s Annual Report on Form 40-F filed with the SEC on
EDGAR.
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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.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the
requirements of the securities laws in effect in Canada, which
differ from the requirements of U.S. securities laws. Unless
otherwise indicated, all resource and reserve estimates included in
this news release have been prepared in accordance with NI 43-101
and the Canadian Institute of Mining, Metallurgy, and Petroleum
2014 Definition Standards on Mineral Resources and Mineral
Reserves. NI 43-101 is a rule developed by the Canadian Securities
Administrators which establishes standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI
43-101, differ significantly from the requirements of the SEC, and
mineral resource and reserve information contained herein may not
be comparable to similar information disclosed by U.S. companies.
In particular, and without limiting the generality of the
foregoing, the term "resource” does not equate to the term
"reserves”. Under U.S. standards, mineralization may not be
classified as a "reserve” unless the determination has been
made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is
made. The SEC's disclosure standards normally do not permit the
inclusion of information concerning "measured mineral
resources”, "indicated mineral resources” or "inferred
mineral resources” or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves” by U.S. standards in documents filed with the SEC.
Investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. U.S. investors should also understand that "inferred
mineral resources” have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an
"inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or
pre-feasibility studies except in rare cases. Investors are
cautioned not to assume that all or any part of an "inferred
mineral resource” exists or is economically or legally
mineable. Disclosure of "contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves” by SEC standards as in-place
tonnage and grade without reference to unit measures. The
requirements of NI 43-101 for identification of "reserves”
are also not the same as those of the SEC, and reserves reported by
the Company in compliance with NI 43-101 may not qualify as
"reserves” under SEC standards. Accordingly, information
concerning mineral deposits set forth herein may not be comparable
with information made public by companies that report in accordance
with U.S. standards.
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