- Fireweed Metals Corp. (FWZ) has increased its previously-announced private placement to $35 million
- The company increased the offering as a result of over-subscription due to strong investor interest
- The offering is made up of three parts
- The company will use the proceeds from the offering for the exploration and development of its projects in northern Canada and general working capital purposes
- Fireweed Metals is a public mineral exploration company on the leading edge of critical minerals project development.
- Fireweed Metals Corp. opened trading at $0.79 per share
Fireweed Metals Corp. (FWZ) has increased its previously-announced private placement to $35 million.
The company increased the offering as a result of over-subscription due to strong investor interest.
The offering is made up of three parts for gross proceeds of $34,926,240. The first part is 31,180,757 shares offered at a price of $0.74 per share.
The second part is 4,877,818 flow-through common shares offered at a price of $0.88 per share.
The third part is 6,300,000 flow-through common shares at a price of $1.20 per share through a charitable donation arrangement.
Fireweed will use the proceeds from the offering for the exploration and development of its projects in northern Canada and general working capital purposes.
The proceeds from the offering will be used for the exploration and development of the company’s projects in northern Canada and general working capital purposes. The gross proceeds from the flow-through and premium flow-through shares will be to incur Canadian Exploration Expenses on the company’s Zinc projects.
All securities issued will be subject to a statutory four-month hold period.
Fireweed Zinc is a mineral exploration company advancing its 100 per cent owned Macmillan Pass Project in Yukon.
Fireweed Zinc Ltd. (FWZ) opened trading at $0.79 per share.