First Mining pursues Gold Canyon, PC Gold to grow its gold base

摘要

First Mining Finance (TSXV: FF; US-OTC: FFMGF) is buying Gold CanyonResources (TSXV: GCU) and PC Gold (TSX: PKL) in all-share deals totalling $64 million to create a leading gold exploration company. Vancouver-based First Mining went public in April and holds 19 projects in Canada, Mexico and the U.S. In these deals, it is offering one share for each Gold Canyon share, and 0.2571 of a share for each PC Gold share. In total, First Mining will issue 160.6 million shares to Gold Canyon and 27.8 million shares to PC Gold. It should have 300 million shares outstanding once both transactions close.