First Mining Gold (TSE: FF – OTCQX: FFMGF) CEO Dan Wilton joined Steve Darling from Proactive to share details the company has received final approval to proceed with the earn-in transaction between First Mining and Big Ridge with respect to the Hope Brook Gold Project in Newfoundland.
Wilton telling Proactive First Mining will receive $500,000 cash and 11.5 million shares of Big Ridge, which makes them a 19.8% shareholder of the company. With a number of triggers, Big Ridge has the chance to earn-in of up to an 80% interest in Hope Brook.
Wilton also gave an update on their joint venture with Auteco Minerals and the work being done on Pickle Crow.
Story by ProactiveInvestors
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