Mr. Keith Neumeyer reports
FIRST MINING COMPLETES ACQUISITION OF GOLDRUSH RESOURCES LTD.
First Mining Finance Corp. and Goldrush Resources Ltd. have successfully completed the previously announced business combination, pursuant to which First Mining has acquired all the issued and outstanding shares of Goldrush by way of a court-approved plan of arrangement.
Keith Neumeyer, chairman of First Mining, stated: "With the completion of this transaction, First Mining Finance has now closed four acquisitions in less than 10 months of becoming publicly traded. 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."
Under the terms of the arrangement, each Goldrush shareholder is entitled to receive 0.0714 First Mining common share for each common share of Goldrush.
Registered shareholders of Goldrush will receive shares of First Mining to which they are entitled upon delivery to Computershare Trust Company of Canada their respective share certificates and completed letters of transmittal together with other required documents. Shareholders are encouraged to contact Computershare at 1-800-564-6253 for further information concerning the exchange process. The vast majority of shareholders of Goldrush are non-registered shareholders. Non-registered shareholders do not need to deposit share certificates or letters of transmittal.
Following completion of the arrangement, Goldrush's shares will be delisted from the TSX Venture Exchange in the coming days, and it is anticipated that First Mining will apply to cause Goldrush to cease being a reporting issuer under applicable Canadian securities laws.
We seek Safe Harbor.
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