https://newsletter.mw.creamermedia.com
Gold|Mining|PROJECT|Projects
Gold|Mining|PROJECT|Projects
gold|mining|project|projects

First Mining raises cash for Canada gold projects

20th September 2024

By: Creamer Media Reporter

     

Font size: - +

Gold developer First Mining has announced a C$7-million bought-deal public offering and nonbrokered private placement to raise funds to advance its Springpole and Duparquet projects.

Springpole, in north-western Ontario, is in the feasibility study stage and permitting activities are ongoing, while Duparquet in Quebec, is a preliminary economic assessment-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region.  

First Mining has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities and Haywood Securities under which the underwriters have agreed to buy on a bought deal basis, 51.85-million units of the company at $0.135 each for proceeds of about C$7-million.

In addition, the company plans to complete a non-brokered private placement of units for gross proceeds of up to C$5-million.

The bought-deal offering is expected to close on or before September 26, and the nonbrokered offering is expected to close on October 10.

Edited by Creamer Media Reporter

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
AQS Liquid Transfer
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (10/10/2025)
10th October 2025 By: Martin Creamer
Magazine round up | 10 October 2025
Magazine round up | 10 October 2025
10th October 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.148s - 126pq - 2rq
Subscribe Now