After gaining by 13.16% on Monday to $0.43 per share, First Mining Gold (TSX: FF) gained another 6.98% today to close at $0.46 per share! FF's OTCQB symbol FFMGF traded record volume today of 5,394,464 shares! One week from tomorrow on June 30th at FF's annual shareholder meeting, FF shareholders will vote on a Special Distribution Resolution to distribute 23,333,333 Treasury Metal (TSX: TML) shares and 11,666,666 TML warrants to FF shareholders on a pro rata basis!
If approved on June 30th, FF shareholders will receive free stock and warrants in a totally different TSX listed gold exploration company Treasury Metals (TSX: TML), with a targeted record date of July 14th and targeted distribution date of July 15th. TML owns one of the highest quality gold exploration projects in North America! TML's district scale Goliath/Goldlund gold project in Ontario has a measured & indicated gold resource of 2,069,800 oz across a 65km strike!
TML's Goliath/Goldlund gold project is located south of FF's Springpole Gold Project, which has a probable gold reserve of 3.8 million oz!
Both companies are well funded. FF has approximately $36 million in cash and nil debt. TML has approximately $18 million in cash and nil debt.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from FF of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.