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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Feb. 12, 11:26 PM

Slide #3. First Mining Finance Corp. Clifton Star Resources Inc.

Acquirer: First Mining Finance Corp. (FF.CA)
Acquiree: Clifton Star Resources Inc. (CFO.CA)
Details: First Mining Finance Corp. ("First Mining") (TSX VENTURE:FF)(OTCQB:FFMGF) and Clifton Star Resources Inc. ("Clifton Star") (TSX VENTURE:CFO) are pleased to announce that the companies have entered into a definitive arrangement agreement (the "Agreement") pursuant to which First Mining has agreed to acquire all of the issued and outstanding common shares of Clifton Star in exchange for one common share of First Mining for each Clifton Star common share held. On completion of the transaction, Clifton Star will become a wholly-owned subsidiary of First Mining and former shareholders of Clifton Star will hold approximately 13.6% of the issued and outstanding shares of First Mining. The parties to the transaction are at arm's length. The transaction implies a value of CAD$0.425 per Clifton Star share based on the closing prices of each company's common shares on the TSX Venture Exchange ("TSXV") on February 11, 2016, which represents a premium of approximately 130% to Clifton Star's closing price on February 11, 2016. Based on the 30 day volume-weighted average price ("VWAP") of each of the companies ending on February 11, 2016, the offer represents a premium of approximately 122% to Clifton Star's 30 day VWAP.

First Mining Finance is a mineral property holding company whose principal business activity is to acquire and hold mineral assets with a focus in the Americas. Co. holds a portfolio of 18 mineral assets in Mexico and the United States with a focus on gold.

Open the FF.CA Page at The Online Investor »

First Mining Finance is a mineral property holding company whose principal business activity is to acquire and hold mineral assets with a focus in the Americas. Co. holds a portfolio of 18 mineral assets in Mexico and the United States with a focus on gold.

Open the CFO.CA Page at The Online Investor »

Company Name:  First Mining Finance Corp
Website:  www.firstminingfinance.com
Sector:  Precious Metals
Number of ETFs Holding FF.CA:  1
Total Market Value Held by ETFs:  $5.23M
Total Market Capitalization:  $122.00M
% of Market Cap. Held by ETFs:  4.28%
Company Name:  Clifton Star Resources, Inc.
Website:  www.cfo-star.com
Sector:  Metals & Mining
 

February 12, 2016    11:26 PM Eastern
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