First Mining Gold secures partner as the company looks to advance Hope Brook Gold Project in NFLD
First Mining Gold (TSE: FF- OTCQX: FFMGF) CEO Dan Wilton joined Steve Darling from Proactive with news the company has taken on a partner with one of their gold projects in Newfoundland. That project being the Hope Brook Gold Project.
Wilton telling Proactive they have granted Big Ridge Gold Corp the right to earn 80% ownership of the project. It will be a two-stage earn-in over five years by incurring a total of $20 million in qualifying expenditures, issuing up to 36.5 million shares of Big Ridge to First Mining and making a cash payment as well. First Mining will also have one member on their board of directors.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/945821/first-mining-gold-secures-partner-as-the-company-looks-to-advance-hope-brook-gold-project-in-nfld-945821.html
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