FireFly Metals Ltd. has announced the completion of a Canadian bought deal offering, raising approximately C$34.5 million (~A$37.7 million) at a price of C$1.56 per share. Additionally, the company completed a charity flow-through placement to Canadian investors for approximately A$16.4 million (C$15.0 million) at around A$2.09 per share. The total gross proceeds from the equity raising amount to approximately A$139 million (~C$127.3 million) before costs. The Canadian offering was underwritten by a syndicate led by BMO Capital Markets, with RBC Capital Markets and Canaccord Genuity Corp. also participating as underwriters. The underwriters exercised their full 15% over-allotment option, resulting in the issue and sale of 22,115,385 ordinary shares.