First Mining Finance (TSXV: FF; US-OTC: FFMGF) is buying Gold Canyon Resources (TSXV: GCU) and PC Gold (TSXV: PKL) in separate all-share deals totaling roughly $64 million to create a leading gold exploration company.
The Vancouver-based firm, which went public in April, currently holds 19 projects in Canada, Mexico and the United States.
Under the recent deals, it is offering one share for each Gold Canyon share, and 0.2571 of a share for each PC Gold share. In total, First Mining will issue 160.6 million to Gold Canyon and 27.8 million shares to PC Gold. It should have about 300 million shares outstanding once both transactions close.
Read the complete article at NorthernMiner.com/news/first-mining-pursues-gold-canyon-pc-gold