{"id":6478,"date":"2023-10-28T18:56:02","date_gmt":"2023-10-28T18:56:02","guid":{"rendered":"https:\/\/infundpros.com\/investment\/first-mining-shares-fall-10-on-private-placement-plans-to-raise-c5m\/"},"modified":"2023-10-28T18:56:03","modified_gmt":"2023-10-28T18:56:03","slug":"first-mining-shares-fall-10-on-private-placement-plans-to-raise-c5m","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6478","title":{"rendered":"First Mining Shares Fall 10% on Private Placement Plans to Raise C$5M"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231027-707733\" role=\"document\">\n<p>By Adriano Marchese<\/p>\n<pre><\/pre>\n<p>First Mining Gold shares were lower mid-morning Friday after the company said it plans to raise 5 million Canadian dollars ($3.6 million) by way of a nonbrokered private placement.<\/p>\n<p>At 10:44 a.m. ET, shares were down by more than 10% at C$0.13.<\/p>\n<div class=\"paywall\">\n<p>The Canadian gold miner said that it intends to issue up to 40 million units of the company at a price of C$0.125 apiece.<\/p>\n<p>Shares have been under pressure in 2023, down 35% year-to-date, and nearly 40% lower over the last 52 weeks, including Friday&#8217;s decline.<\/p>\n<p>Each unit will be made up of one common share in the company and one-half of a warrant. Each full warrant will entitle the holder to acquire one common share at a price of C$0.20 a share over the next three years.<\/p>\n<p>First Mining intends to use the money primarily to advance its Springpole and Duparquet gold projects in Ontario and Quebec, respectively.<\/p>\n<pre><\/pre>\n<p>Write to Adriano Marchese at adriano.marchese@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/first-mining-shares-fall-10-on-private-placement-plans-to-raise-c-5m-385fa092?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adriano Marchese First Mining Gold shares were lower mid-morning Friday after the company said it plans to raise 5 million Canadian&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-6478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>First Mining Shares Fall 10% on Private Placement Plans to Raise C$5M | inFundPros<\/title>\n<meta name=\"description\" content=\"By Adriano Marchese First Mining Gold shares were lower mid-morning Friday after the company said it plans to raise 5 million Canadian dollars ($3.6\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=6478\" \/>\n<meta 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