FireFly Metals Ltd has announced a significant equity raise through a bought deal financing in Canada and an equity raise in Australia, totaling approximately A$74.8 million. BMO Capital Markets has agreed to purchase 30 million ordinary shares of FireFly Metals at C$0.86 per share, aiming to raise C$25.8 million in Canada. Additionally, Canaccord Genuity will conduct an Australian offering to raise approximately A$46 million, comprising a charity flow-through placement and an institutional placement. The Canadian offering is expected to close around June 20, 2025, pending regulatory approvals, while the Australian offering, including a retail share purchase plan, is set to close around June 13, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firefly Metals Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9463486-en) on June 04, 2025, and is solely responsible for the information contained therein.