Business

FireFly shareholders approve sale of Ontario gold assets and all conditions are satisfied or waived

FireFly shareholders are expected to receive one Bellavista share for every 12.8 FireFly shares held, ensuring shareholders retain ongoing exposure to the assets and their exploration upside, while FireFly targets ongoing growth at its flagship Green Bay Copper-Gold ProjectFireFly and Bellavista Resources Ltd (ASX: BVR) have obtained all necessary shareholder approvals for the sale of FireFly’s Ontario gold assets to BellavistaAll conditions precedent required to be satisfied prior to completion

articleBellavista Resources LtdApril 23, 202616/company/bellavista-resources-ltd/news/firefly-shareholders-approve-sale-of-ontario-gold-assets-and-all-conditions-are-satisfied-or-waived
FireFly shareholders approve sale of Ontario gold assets and all conditions are satisfied or waived

About this update from Bellavista Resources Ltd

[{"type":"image","alt":"FireFly Metals Limited","displaySize":"","headline":null,"caption":"FireFly Metals Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":84,"url":"https://media.zenfs.com/en/globenewswire.com/8ed1c3c32f92c55bf47bfac224d3935a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QNyzro4htkgwhekKzSSPzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExOA--/https://media.zenfs.com/en/globenewswire.com/8ed1c3c32f92c55bf47bfac224d3935a","width":300,"height":84}},"lazy":false},{"type":"text","content":"FireFly shareholders are expected to receive one Bellavista share for every 12.8 FireFly shares held, ensuring shareholders retain ongoing exposure to the assets and their exploration upside, while FireFly targets ongoing growth at its flagship Green Bay Copper-Gold Project","length":274,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"FireFly and Bellavista Resources Ltd (ASX: BVR) have obtained all necessary shareholder approvals for the sale of FireFly’s Ontario gold assets to Bellavista","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"All conditions precedent required to be satisfied prior to completion have now been satisfied or waived, and completion of the transaction is expected to occur on 29 April 2026","length":176,"tagName":"p"}]},{"val":[{"type":"text","content":"The sale assets comprise FireFly’s 70% interest in the Pickle Crow Project and 100% of the Sioux Lookout Project","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"The total scrip consideration is 60 million Bellavista shares and contingent consideration of 50 million Bellavista performance rights","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"The record date for the in-specie distribution to FireFly shareholders is 4 May 2026 and the distribution is expected to occur on 11 May 2026","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":"FireFly shareholders are expected to receive one Bellavista share for approximately every 12.8 FireFly shares held1","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Bellavista is led by Glenn Jardine and Peter Canterbury who led the highly successful De Grey Mining Ltd post discovery of the Hemi Gold deposit in Western Australia until De Grey’s A$6b takeover by Northern Star Resources Ltd (ASX: NST)","length":237...

More updates from Bellavista Resources Ltd

FireFlyBellavistatransactiondistributionshareholderFireFly Metals LtdMineral ResourceOre ReservesThe Company