First Mining Finance Corp. (TSXV:FF) entered into definitive asset purchase agreement to acquire Goldlund Project, claims in Ontario and Quebec from GoldON Resources Ltd. and a private individual for CAD 2.5 million.

First Mining Finance Corp. (TSXV:FF) entered into definitive asset purchase agreement to acquire Goldlund Project, claims in Ontario and Quebec from GoldON Resources Ltd. (TSXV:GLD) and a private individual for CAD 2.5 million in cash and stock on January 24, 2017. Under the terms of agreement, First Mining will issue of 0.2 million shares for GoldON Resources to acquire five unpatented mining claims and First Mining will pay CAD 0.25 million and will issue 2.5 million shares to acquire eighteen mining claims. The transaction is subject to the receipt of applicable regulatory and stock exchange approvals and the satisfaction of certain other customary closing conditions.

The transaction is expected to be completed on January 31, 2017.