FireFly Metals Launches $5M Share Purchase Plan

FireFly Metals (AU:FFM) has released an update.

FireFly Metals Ltd is extending an invitation to its eligible shareholders to invest in a new Share Purchase Plan (SPP) aiming to raise up to $5 million, by offering shares at $0.95 each, with applications open until 22 October 2024. Shareholders can apply for various share parcels, with the company retaining the discretion to manage oversubscriptions or scale back applications. The initiative is exclusive to shareholders in Australia and New Zealand, as detailed in the recently released prospectus.

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