VANCOUVER, BC, Sept. 3, 2021 /PRNewswire/ - First Mining
Gold Corp. ("First Mining" or the "Company") (TSX: FF)
(OTCQX: FFMGF) (FRANKFURT: FMG) announces that it has filed a
preliminary short form base shelf prospectus (the "Preliminary
Shelf Prospectus") with the securities commissions in each of the
provinces of Canada, and a
corresponding registration statement on Form F-10 (the
"Registration Statement") with the United States Securities and
Exchange Commission (the "SEC") under the U.S./Canada
Multijurisdictional Disclosure System.
First Mining has filed this Preliminary Shelf Prospectus and the
Registration Statement to provide the Company with greater
financial flexibility going forward but has not entered into any
agreements or arrangements to authorize or offer any Securities (as
defined below) at this time.
When made final or effective, the Preliminary Shelf
Prospectus and corresponding Registration Statement will allow
First Mining to undertake offerings of common shares (including
common shares issued on a "flow-through" basis), preferred shares,
warrants, subscription receipts and units (collectively, the
"Securities"), or any combination thereof, up to an aggregate total
of C$100 million from time to time
during the 25-month period that the final short form base shelf
prospectus remains effective. The Securities may be offered in
amounts, at prices and on terms to be determined at the time of
sale and, subject to applicable regulations, may include
"at-the-market" transactions, public offerings or strategic
investments. The specific terms of any offering of Securities,
including the use of proceeds from any offering, will be set forth
in one or more shelf prospectus supplement(s) to be filed with
applicable securities regulators.
A copy of the Preliminary Shelf Prospectus, and copies of the
final short form base shelf prospectus and any shelf prospectus
supplements that may be filed in the future, can be found under the
Company's SEDAR profile at www.sedar.com and on EDGAR at
www.sec.gov, or may be obtained by request to Samir Patel, First Mining's General Counsel
& Corporate Secretary, Suite 2070 – 1188 West Georgia Street,
Vancouver, British Columbia
V6E 4A2, Canada (tel:
1-844-306-8827), or to info@firstmininggold.com.
No securities regulatory authority has either approved or
disapproved the contents of this news release. The Registration
Statement filed today with the SEC has not yet become effective. No
Securities may be sold, nor may offers to buy be accepted, prior to
the time the Preliminary Shelf Prospectus and Registration
Statement become effective. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any
securities of the Company in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About First Mining Gold Corp.
First Mining is a Canadian gold developer focused on the
development and permitting of the Springpole Gold Project in
northwestern Ontario. Springpole is one of the largest
undeveloped gold projects in Canada. The results of a positive
Pre-Feasibility Study for the Springpole Gold Project were
announced by First Mining in January
2021, and permitting activities are on-going with submission
of an Environmental Impact Statement ("EIS") for the
project targeted for 2021. The Company also holds a large
equity position in Treasury Metals Inc. who are advancing the
Goliath Gold Complex toward construction. First Mining's
portfolio of gold projects in eastern Canada also includes the Pickle Crow (being
advanced in partnership with Auteco Minerals Ltd.), Hope Brook (being advanced in partnership with
Big Ridge Gold Corp.), Cameron, Duparquet, Duquesne, and Pitt gold projects.
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of
First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
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", "opportunities",
"objectives", "targeted", "advancing", "proving" 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 filing and effectiveness of the final base shelf prospectus and
corresponding Registration Statement; (ii) the filing and
effectiveness of any potential prospectus supplement; (iii) the
amount and terms of any Securities to be offered; (iv) the
Company's focus on advancing its assets towards production; (v)
timing for the submission of the EIS for the Springpole Gold
Project; and (vi) 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: the timing
and filing of the final base shelf prospectus and corresponding
Registration Statement; the potential offering of any Securities by
the Company; uncertainty with respect to the completion of any
future offering; the ability to obtain applicable regulatory
approval for any contemplated offerings; the ability of the Company
to negotiate and complete future funding transactions; 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, 2020
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.
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 Canadian securities laws, which differ in certain
material respects from the disclosure requirements of United States securities laws. The terms
"mineral reserve", "proven mineral reserve" and "probable mineral
reserve" are Canadian mining terms as defined in accordance with NI
43-101 and the Canadian Institute of Mining, Metallurgy and
Petroleum ("CIM") 2014 Definition Standards on Mineral Resources
and Mineral Reserves, adopted by the CIM Council, as may be amended
from time to time. These definitions differ from the definitions in
the United States Securities and
Exchange Commission (the "SEC") rules applicable to domestic
United States companies. In
addition, the terms "mineral resource", "measured mineral
resource", "indicated mineral resource" and "inferred mineral
resource" are defined under the 2014 CIM definition standards, and
are required to be disclosed by NI 43-101. However, these terms are
not defined under the SEC rules applicable to domestic United States companies. Accordingly,
information concerning mineral deposits set forth in this news
release may not be comparable with information made public by
companies that report in accordance with U.S. standards.
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SOURCE First Mining Gold Corp.