FireFly Metals Shares Rise After Completing In-Specie Distribution of Bellavista Resources Shares

MT Newswires Live

May 12

FireFly Metals (ASX:FFM) shares rose 2% in midday trade on Tuesday following the completion of the pro-rata in-specie distribution of Bellavista Resources (ASX:BVR) shares to company shareholders on Monday.

The distribution is of 60 million Bellavista Resources shares received by the company in April, following the completion of the sale of the Pickle Crow and Sioux Lookout projects in Canada to Bellavista, according to a Monday Australian bourse filing.

Bellavista Resources' shares fell 3% in recent trade.

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