FireFly Metals (ASX:FFM) filed a prospectus on Dec. 12 to qualify the distribution of 19.2 million of its shares at CA$1.56 apiece and an additional 2.9 ordinary shares at the same price, according to a Monday filing with the Australian bourse.

On Dec. 1, the company said BMO Nesbitt Burns agreed to purchase 19.2 million worth of company shares on a bought-deal basis at the offer price.

The deal is expected to close on Wednesday, the filing said.

Shares of the company fell nearly 4% in recent Monday trade.