First Mining increases portfolio with Goldrush’s assets
Monday, 08 February 2016 15:21
First Mining Corporation has completed the acquisition of all shares of Goldrush Resources. The agreement related to the transaction plans for shareholders of Goldrush Resources which is active in gold exploration in Burkina Faso will receive, in exchange for ea ch of their share, 0.0714 common shares in First Mining.
Subsequent to the transaction, Goldrush will be de-listed from the TSXV. The acquisition is part of the firm’s expansion strategy. Its president Keith Neumeyer said the company planned to establish a mining bank so as to have one of the most significant portfolios of development and exploration projects in the western hemisphere.
First Mining Corporation is a mining holding which focuses on acquiring mineral assets through acquisitions that are expected to be comprised of gold, silver, copper, lead, zinc, and nickel properties.
Stéphanie C. TOHON
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