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First Mining ups private placement to C$27M

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First Mining ups private placement to C$27M

Due to significant interest from investors, said July21 that it has decided to increase its previouslyannounced financing, now aims to raise C$27 million.

The company was originally offering 20 million units at 80cents each and now it will offer 33,750,000 units at the same price.

Proceeds from the placement will be used for potential futureproperty acquisitions, economic studies and resource estimates on the company'scurrent projects and for general working capital and corporate purposes.