FireFly Completes Canadian Bought Deal Offering

About this update from Firefly Metals Ltd

[{"type":"text","content":"Current gross proceeds of Equity Raising equal ~A$70.1M (~C$62.3M)","length":66,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Perth, Western Australia--(Newsfile Corp. - June 20, 2025) - FireFly Metals Ltd (ASX: FFM) (TSX: FFM) (FireFly or the Company) is pleased to announce that it has completed the sale of 33,000,000 ordinary shares of the Company (the Offered Shares) at a price of C$0.86 per Offered Share (the Offering Price), pursuant to the bought deal offering previously announced on 5 and 10 June 2025 (the Canadian Offering), for gross proceeds of C$28.4 million (~A$32 million).","length":471,"tagName":"p"},{"type":"text","content":"The Canadian Offering was led by BMO Capital Markets, as sole underwriter and bookrunner, and included the exercise in full of its over-allotment option to purchase its maximum entitlement to the Offered Shares.","length":211,"tagName":"p"},{"type":"text","content":"The Canadian Offering is part of a wider equity raising that also comprised the following aspects (together with the Canadian Offering, the Equity Raising):","length":156,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors priced at approximately A$1.49 per share (Charity Flow-Through Placement); and","length":165,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"~A$54.9 million two-tranche institutional placement at the offer price of A$0.96 per share (Institutional Placement).","length":117,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":282,"olType":false},{"type":"text","content":"As announced on 16 June 2025, the Charity-Flow Through Placement and tranche one of the Institutional Placement have been completed.","length":132,"tagName":"p"},{"type":"text","content":"Gross proceeds of the completed aspects of the Equity Raising equal ~A$70.1 million (~C$62.3 million) before costs.","length":115,"tagName":"p"},{"type":"text","content":"The final remaining step of the Equity Raising is the issue of tranche two of the Institutional Placement Shares (Tranche Two Placement Shares), which is expected to be completed in August 2025, following a general meeting to obtain shareholder approval.","length":254,"tagName":"p"},{"type":"text","conte...

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