FireFly Metals (ASX:FFM) received firm commitments to raise up to AU$95 million via the issuance of up to around 94.7 million fully paid ordinary shares through a charity flow-through offering, two-tranche institutional placement, and Canadian bought deal financing, according to a Tuesday Australian bourse filing.
The equity raising will include an around AU$11.2 million charity flow-through placement to Canadian investors priced at around AU$1.49 per new share, an around AU$54.9 million two-tranche institutional placement at AU$0.96 per new share, and an around AU$28.8 million fully underwritten Canadian bought deal offering with BMO Capital Markets.
The company also plans to undertake a non-underwritten share purchase plan to raise up to an additional AU$5 million at the same offer price as the institutional placement.
It will use the funds for the Green Bay copper-gold project, including underground development and resource extension, and infill drilling.
The firm's shares fell nearly 3% in recent trading on Tuesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。