First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) has said it will hold its annual general and special meeting of its shareholders on June 30.
Among other matters, the company said shareholders at the virtual meeting will be asked to pass a special resolution in connection with the distribution of shares and warrants of Treasury Metals Inc to themselves.
"We are excited to move forward with the Distribution and for all of our First Mining shareholders to become direct shareholders of Treasury Metals," said First Mining CEO Dan Wilton in a statement.
"This Distribution delivers on giving value directly to our shareholders as a result of our sale of Goldlund to Treasury Metals. The team at Treasury Metals is doing an excellent job advancing the Goliath Gold Complex, which is proving itself to be one of the most robust gold development projects in Canada," he added.
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Keith Neumeyer, chairman of First Mining, added: "This Distribution delivers on the promises we made when we established First Mining in 2015. We had always intended to deliver value directly to our shareholders as we realized value from our outstanding portfolio of high-quality gold projects in Canada."
The company said July 15 is the expected distribution date, but this will be finalized once First Mining has received final court approval. After such approval, First Mining said it will issue a news release announcing the finalized record date of the distribution, as well as the date that the distribution will occur.
First Mining said shareholders of record as of May 3, 2021, are entitled to vote at the virtual 2021 AGM that starts at 10.00am PST on June 30.
The company encouraged its shareholders to vote in advance of using the Voting Instruction Form or the Form of Proxy that was mailed to them with the meeting materials. Shareholders are reminded that proxies must be received by 10.00am PST on June 28.
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