FireFly Metals (ASX:FFM) said that its share purchase plan (SPP), which opened on Dec. 10 with a target of AU$5 million, will close early on Dec. 19 after receiving applications well above the target, according to a Wednesday filing with the Australian bourse.
The applications received after this revised closing date will not be accepted and will be refunded in full without interest, the filing said.
The company expects to issue the new fully paid ordinary shares under the SPP on Dec. 30, the filing added.