First Mining Reduces Stake in Treasury Metals

First Mining Finance (TSE:FF) has released an update.

First Mining Gold Corp. has sold off a portion of its holdings in Treasury Metals Inc., divesting 4,539,000 common shares at $0.22 each, totaling around $1.0 million. This transaction decreased First Mining’s stake in Treasury to 8.26%, dropping below the 10% threshold that designates it as a ‘reporting insider.’ The company suggests it may further adjust its investment in Treasury depending on market conditions and other opportunities.

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