New standard listing: First Class Metals explores Canada

First Class Metals is seeking gold, base metals and/or battery metals in Canada. The cash raised will finance ongoing exploration at North Hemlo and other projects.

AIM-quoted Power Metal Resources (LON: POW) has a 28.2% stake in First Class Metals, having sold its Schreiber-Hemlo project interests in Ontario for 333,334 shares at 300p each in September 2011 and then subscribed for a further 9,588 shares at the same price. There was a subsequent bonus issue. The value of the stake has increa...

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