First Mining Finance Corp. (“First Mining” or the “Company”) (TSX VENTURE:FF)(OTCQX:FFMGF) is pleased to announce that, due to significant interest from investors, including institutional investors, the Company has decided to increase its previously announced non-brokered private placement financing to 33,750,000 units (“Units“) at a price of $0.80 per unit to raise gross proceeds of up to $27,000,000 (the “Private Placement“).
Each Unit will still consist of one common share of First Mining and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of First Mining at $1.10 for a period of 36 months from the date of closing of the Private Placement.