VANCOUVER, BC, May 7, 2024 /CNW/ – First Mining Gold Corp. (“First Mining”) announces today that on May 6, 2024, it disposed of 4,539,000 common shares of Treasury Metals Inc. (TSX: TML) (“Treasury“) at a price of $0.22 per share for gross proceeds of approximately $1.0 million through the facilities of the Toronto Stock Exchange (the “Transaction“).
Immediately prior to the Transaction, First Mining owned 20,000,311 common shares of Treasury, representing approximately 10.69% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Immediately following the Transaction, First Mining held beneficial ownership of, or control and direction over, an aggregate of 15,461,311 common shares of Treasury, representing approximately 8.26% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Accordingly, First Mining is no longer a “reporting insider” of Treasury, as…
