First Mining Announces Receipt of $6 Million in Proceeds from Warrants Exercise

Core Points - First Mining Gold Corp. has received C$6,410,045 from First Majestic Silver Corp. through the exercise of 32,050,228 common share purchase warrants at a price of $0.20 per warrant [1][2] - The proceeds will be used to advance the Springpole and Duparquet gold projects, as well as for general working capital and corporate purposes [2] - Following the warrant exercise, First Majestic's ownership in First Mining increases to 47,379,944 common shares, representing 3.5% of the total common shares outstanding [2] Company Overview - First Mining Gold Corp. is advancing two major gold projects in Canada: the Springpole Gold Project in Ontario, which is currently undergoing a feasibility study and permitting activities, and the Duparquet Gold Project in Quebec, which is at the PEA stage [3] - The company also owns the Cameron Gold Project in Ontario and holds a 30% interest in the Pickle Crow Gold Project [3] - First Mining was established in 2015 by Keith Neumeyer, who is also the founding President and CEO of First Majestic Silver Corp. [4]