Goldrush Resources acquisition completed
The arrangement dictates that any issued shares into Goldrush Resources will be transferred to First Mining in exchange for partial shares of the latter company. First Mining also has acquired the outstanding shares associated with Goldrush Resources.
Current shareholders of Goldrush Resources will receive .0714 of one First Mining share for every share that they possess. The company reports that the exchange will take place following the completion of documents and certificates placing outstanding shares into First Mining’s possession through Computershare Trust Company of Canada.
"With the completion of this transaction, First Mining Finance has now closed four acquisitions in less than 10 months of becoming publicly traded,” First Mining Chairman Keith Neumeyer said. "We plan to continue to aggressively build our mineral bank to create one of the largest portfolios of development and exploration projects in the Western Hemisphere. I am delighted to welcome shareholders of Goldrush to our exciting and rapidly growing company."
Goldrush Resources Ltd. focuses on the exploration and extraction of gold and operates gold mine projects in West Africa and Burkina Faso.