Fireweed Zinc announces C$9.7 mln private placement to advance Macmillan Pass Zn-Pb-Ag Project
2022-03-18 14:05:23 [Print]
On March 17, Canada's Fireweed Zinc Ltd
The proceeds from the offering will be used for exploration and development of the company's Macmillan Pass Zinc-Lead-Silver Project in Yukon, Canada, and for general working capital purposes.
. announced a non-brokered private placement for gross proceeds of up to CAD$ $9 . 68 million . The offering will consist of a total of 5,714,287 common shares of the company at a price of CAD$0 . 70 per share and 5,737,373 flow-through common shares of the company at a price of CAD$0 . 99 per share through a donation arrangement for total gross proceeds of CAD$ $9,680,000. The proceeds from the offering will be used for exploration and development of the company's Macmillan Pass Zinc-Lead-Silver Project in Yukon, Canada, and for general working capital purposes.