VANCOUVER, BC, Sept. 29, 2021 /CNW/ - First Mining Gold Corp.
("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF)
(FRANKFURT: FMG) announces that it has filed and obtained a receipt
for its final short form base shelf prospectus (the "Final Shelf
Prospectus") with the securities commissions in each of the
provinces and territories 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 Final 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.
The Final 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 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 Final Shelf Prospectus, and copies of any
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. 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 2022. 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 any potential prospectus
supplement; (ii) the amount and terms of any Securities to be
offered under one or more shelf prospectus supplement(s); (iii) the
Company's focus on advancing its assets towards production; (iv)
timing for the submission of the EIS for the Springpole Gold
Project; and (v) 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 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.
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SOURCE First Mining Gold Corp.