EARLY WARNING PRESS RELEASE IN RESPECT OF DISPOSITION OF COMMON SHARES OF TREASURY METALS INC.

EARLY WARNING PRESS RELEASE IN RESPECT OF DISPOSITION OF COMMON SHARES OF TREASURY METALS INC.

 
 

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 ").

 
 

  First Mining Gold Corp. logo (CNW Group/First Mining Gold Corp.) 

 
 

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 such term is defined under applicable securities laws, as First Mining has fallen below the 10% reporting threshold.

 

In the future, First Mining may acquire additional securities of Treasury or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.

 

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues , which also requires a report to be filed in accordance with applicable securities laws (the " Early Warning Report "). A copy of the Early Warning Report will be available under First Mining's and Treasury's profiles on SEDAR+ at www.sedarplus.ca .

 
  About Treasury Metals Inc.  
 

Treasury was incorporated under the laws of the Province of Ontario . Treasury's head office is located at 15 Toronto St., Suite 401, Toronto, Ontario , M5C 2E3, Canada . Treasury's common shares are traded on the Toronto Stock Exchange.

 
  About First Mining Gold Corp.  
 

First Mining is a Canadian mineral exploration and development company incorporated under the laws of the Province of British Columbia . First Mining's head office is located at Suite 2070 - 1188 West Georgia Street, Vancouver, British Columbia , V6E 4A2.

 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/early-warning-press-release-in-respect-of-disposition-of-common-shares-of-treasury-metals-inc-302137493.html  

 

SOURCE First Mining Gold Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/07/c5698.html  

 
 

News Provided by Canada Newswire via QuoteMedia

TML:CA
The Conversation (0)
Treasury Metals Announces Filing of Annual and Special Meeting Materials in Connection with Proposed Arrangement

Treasury Metals Announces Filing of Annual and Special Meeting Materials in Connection with Proposed Arrangement

 

  Highlights:  

 
  • Treasury Metals is holding its Annual and Special Meeting of Shareholders on June 26, 2024 at 1:00 p.m. (Eastern Time)
  •  
  • The Special Committee and Board of Directors of the Company Unanimously Recommend that Shareholders Vote   FOR   the matters relating to the Arrangement with Blackwolf Copper and Gold Ltd.
  •  
  • Shareholders are encouraged to vote well in advance of the proxy voting deadline on June 24, 2024 at 1:00 p.m. (Eastern time)
  •  

Treasury Metals Inc. ( TSX: TML; OTCQX: TSRMF ) (" Treasury Metals " or the " Company ") announces that it has filed its notice of annual and special meeting of shareholders, management information circular (the " Circular ") and related materials (together, the " Meeting Materials ") with securities regulators. The Circular contains information regarding the annual and special meeting (the " Meeting ") of the holders of common shares in the capital of the Company (the " Shareholders "), to be held on Wednesday June 26, 2024 at 1:00 p.m. (Eastern time) at the offices of Cassels Brock & Blackwell LLP, located at Suite 3200, Bay Adelaide Centre North Tower, 40 Temperance Street, Toronto, Ontario, Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Treasury Metals and Blackwolf Announce Upsize to Concurrent Financing

Treasury Metals and Blackwolf Announce Upsize to Concurrent Financing

 

Treasury Metals Inc. ( TSX: TML; OTCQX: TSRMF ) (" Treasury " or " TML ") and Blackwolf Copper and Gold Ltd. (TSXV:BWCG; OTCQB: BWCGF) ( " Blackwolf " or " BWCG ") are pleased to announce that, further to the press release on May 2, 2024, which announced the combination of the two companies, that the Concurrent Financing of TML has been upsized from $4 million to up to $6.4 million. Frank Giustra will be the lead order, subscribing for $2 million.

 

Jeremy Wyeth, President and CEO of Treasury Metals, commented, "With continued support from large shareholders to execute upon our pending exploration plan, we are confident in the potential to make additional discoveries to augment the mine plan. The Concurrent Financing will provide us with 18 months of continued exploration activity. We believe we are in a good position to drive strategic growth moving through this transaction with BWCG into the summer and beyond."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Fremont mine.

Gold Rush 2.0: Why California is Poised for a Mining Renaissance

With modern technology, a rising gold price and renewed government support for domestic mineral production, mining companies and investors are taking a second look at historic districts and brownfield projects once considered uneconomic — and California’s long-overlooked gold deposits are squarely back in focus.

The California Gold Rush of 1848 wasn’t just a pivotal moment in American history — it was one of the most profitable mineral booms ever recorded. Sparked by a discovery at Sutter’s Mill, the gold rush drew over 300,000 people and produced more than 25 million ounces of gold, much of it from the now-famous Mother Lode Belt.

At the peak of the gold rush, California was producing nearly 1 million ounces per year, including an estimated 1.4 million ounces from the Mariposa District alone. However, the low price of gold at the time and limitations with mining methods during the 19th and early 20th century, have left much of the gold-bearing rock unmined.

Keep reading...Show less
Wooden blocks with "M & A" on a keyboard background.

Torex to Acquire Prime Mining in US$449 Million Deal, Expands Mexican Gold-Silver Portfolio

Torex Gold (TSX:TXG,OTCQX:TORXF) is acquiring Prime Mining (TSX:PRYM,OTCQX:PRYM) in an all-share deal worth US$449 million, gaining full control of the Los Reyes gold-silver project in Mexico as it builds out an Americas-focused mining portfolio.

Under the terms of the deal, Torex will gain 100 percent ownership of Prime’s Los Reyes project in Sinaloa, an advanced-stage gold-silver asset with indicated resources of 1.5 million ounces of gold and 54 million ounces of silver, and inferred resources of 538,000 ounces of gold and 21.6 million ounces of silver.

Keep reading...Show less
Sranan Gold (CSE:SRAN)

Sranan Gold

Keep reading...Show less

Latest Press Releases

Related News

×