First Mining Gold Corp (FFMGF)

[joe_techi]

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

VANCOUVER, BC, May 7, 2024 /CNW/ - 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").

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.

https://finance.yahoo.com/news/early-warning-press-release-respect-110000042.html