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Re: Phins3413 post# 1103

Friday, 05/20/2016 7:37:22 AM

Friday, May 20, 2016 7:37:22 AM

Post# of 19271

dates when the companies who have been acquired with stock are able to start selling?



Here you go...

Tamaka:

It is a condition to closing that certain shareholders who hold in the aggregate approximately 39.6% of the outstanding shares of Tamaka, will deposit the First Mining shares which they receive under the Transaction into escrow. Twenty percent of such shares will be released from escrow on the date one year following closing of the Transaction and an additional 20% will be released every six months thereafter, with the final tranche released on the date which is three years after closing.

The Transaction will require the approval of at least two-thirds of the votes cast by the shareholders of Tamaka, voting on such resolution at a special meeting expected to take place in late June 2016.

Chalice:

The Consideration Shares will be subject to a statutory resale restriction in Canada for a four-month period from completion of the Transaction. In addition, Chalice has agreed to further provisions, restricting the sales of shares, to not more than approximately one eighth of the total Consideration Shares per month over the following eight months except where the sale is in a single block to a purchaser acceptable to First Mining.

Brionor:

The First Mining common shares issued to Brionor are subject to a statutory four-month hold period expiring August 28, 2016.

Clifton: No restrictions

Registered shareholders of Clifton Star will receive common shares of First Mining to which they are entitled upon delivery [...]

Goldrush: No restrictions

Registered shareholders of Goldrush will receive shares of First Mining to which they are entitled upon delivery [...]

PC Gold & Gold Canyon: No restrictions

Registered shareholders of Gold Canyon and PC Gold will receive shares of First Mining to which they are entitled upon delivery [...]

Coastal Gold: No restrictions

Shareholders of Coastal Gold will receive shares of First Mining to which they are entitled upon delivery [...]

https://www.firstminingfinance.com/news-room