First Mining Announces $50 Million Bought-Deal Offering of Common Shares
First Mining Gold Corp. has signed a bought-deal agreement to sell 59,530,000 common shares at $0.84 per share for gross proceeds of $50,005,200, with Haywood Securities, ATB Cormark Capital Markets and National Bank Financial acting as co-lead underwriters. Underwriters hold an over-allotment option for up to an additional 15% of the offering for 30 days post-closing, and proceeds are earmarked to advance the Springpole and Duparquet gold projects as well as general working capital.
Key figures
- Deal Value Usd
- 50005200
- Offering Price
- 0.84
- Shares Offered
- 59530000
- Expected close
- on or about September 24, 2026
- Use of proceeds
- advance Springpole and Duparquet gold projects, general working capital and corporate purposes
- Over allotment percent
- 15%
AI analysis
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