SIMCOE, ON / ACCESSWIRE / December 3, 2020 / Metalore Resources Limited (TSXV:MET, Financial) ("Metalore" or the "Company") announces that First Mining Gold Corp. has agreed to purchase the East Cedartree Project for $3 million cash and 3,000,000 First Mining shares. The transaction is expected to close by December 8, 2020. While the purchase of the project completes an important land package assembly for First Mining, the sale represents the opportunity for the Chilian Family and closely associated shareholders (who control over 67% of all outstanding shares of Metalore) to refocus the Company's mineral exploration into more historically productive mining districts.
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