VANCOUVER, BC, Dec. 21, 2023 /CNW/ - 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 regulatory authorities in each of
the provinces of Canada (the
"Commissions"), 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 the 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.
The Preliminary Shelf Prospectus and the Registration Statement
remain subject to completion or amendment. Once a receipt for a
final short form base shelf prospectus (the "Final Shelf
Prospectus") is received from the Commissions and the corresponding
Registration Statement is deemed effective by the SEC, First Mining
may 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 such 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.
Copies of the Preliminary Shelf Prospectus and the Registration
Statement can be found, respectively, under the Company's SEDAR+
profile at www.sedarplus.ca and on EDGAR at www.sec.gov, or
may be obtained by request to Richard
Huang, Vice President, Corporate Development, 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, until a
receipt for a Final Shelf Prospectus has been issued by the
Commissions and the Registration Statement becomes 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 gold developer advancing two of the largest
gold projects in Canada, the
Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility
Study and permitting activities are on-going with a draft
Environmental Impact Statement ("EIS") for the project published in
June 2022, and the Duparquet Project
in Quebec, a PEA stage development
project located on the Destor-Porcupine Fault Zone in the prolific
Abitibi region. First Mining also owns the Cameron Gold
Project in Ontario and a portfolio
of gold project interests including the Pickle Crow Gold Project
(being advanced in partnership with FireFly Metals Ltd), the Hope
Brook Gold Project (being advanced in partnership with Big Ridge
Gold Corp.), and a large equity interest in Treasury Metals
Inc.
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 of and receipt of the Final Shelf Prospectus and the
effectiveness of the corresponding Registration Statement; (ii) the
filing and effectiveness of any potential prospectus supplement;
(iii) the Company undertaking any offering of Securities under the
Final Shelf Prospectus and corresponding Registration Statement,
including the amount and terms of any Securities to be offered;
(iv) the Company's plans with respect to advancing its portfolio of
gold projects; (v) feasibility and permitting activities related to
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 a Final 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, 2022
filed with the Canadian securities regulatory authorities under the
Company's SEDAR+ profile at www.sedarplus.ca, and in the
Company's Annual Report on Form 40-F filed with the SEC and 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.