Firefly Metals Completes Equity Raising
Key points
- Completed equity raising with gross proceeds of ~A$180M
- Institutional placement raised A$150M
- Bought deal offering raised ~A$30M
- Funds to advance Green Bay Project and strengthen balance sheet
Full summary
Firefly Metals Ltd has successfully completed an equity raising, securing gross proceeds of approximately A$180M. This includes a A$150M institutional placement and a bought deal offering of ~A$30M. The funds will be used to advance the Green Bay Copper-Gold Project, including development and exploration activities, as well as providing balance sheet strength. Additionally, the company plans to offer eligible shareholders a share purchase plan to raise up to A$10M.
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