The NR just out starts this way:
TORONTO, ONTARIO--(Marketwired - May 12, 2015) - COASTAL GOLD CORP. (TSX VENTURE:COD)(FRANKFURT:CY41) ("Coastal Gold" or the "Corporation") announces that it has accepted an increased offer (the "Revised FMF Offer") to acquire all of the outstanding common shares of Coastal Gold (the "Coastal Gold Common Shares") from First Mining Finance Corp. ("FMF") by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "FMF Transaction"). In connection with the acceptance of the Revised FMF Offer, the Corporation entered into a new arrangement agreement with FMF dated May 11, 2015 (the "Arrangement Agreement"). Immediately prior to the entering into of the Arrangement Agreement, the Corporation terminated the arrangement agreement dated March 1, 2015 that was entered into with Sulliden Mining Capital Inc. ("Sulliden") and will make a termination payment of $250,000 to Sulliden.
Under the terms of the Revised FMF Offer, FMF will acquire each outstanding Coastal Gold Common Share for 0.1625 of a FMF common share (the "Exchange Ratio"). The Exchange Ratio represents $0.065 per Coastal Gold Common Share, based on FMF's 30-trading day volume weighted average price ("VWAP") of $0.40. Based on the Revised FMF Offer, the implied transaction value is approximately $13.5 million, including the assumption of $2.5 million of Coastal Gold costs and debt. Upon completion of the FMF Transaction, Coastal Gold will be a wholly-owned subsidiary of FMF. The directors of each company have unanimously approved the FMF Transaction.Whole thing here