FireFly Files Prospectus to Qualify Share Distribution for CA$30 Million Canadian Bought Deal; Shares Fall 4%
MT Newswires Live
Dec 15, 2025
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.
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