Workflow
Share Purchase Plan
icon
Search documents
FireFly doubles Share Purchase Plan to A$10m in response to strong demand
Globenewswire· 2025-12-29 22:34
Core Viewpoint - FireFly Metals Ltd has successfully completed an equity raising and share purchase plan (SPP), resulting in a cash balance of approximately A$246.9 million to support its drilling strategy and mining studies at the Green Bay Copper-Gold Project [1][33]. Group 1: Share Purchase Plan (SPP) Details - The SPP was increased to A$10 million due to strong demand, with applications totaling approximately A$31 million, significantly exceeding the initial target of A$5 million [2][3]. - A total of 5,826 eligible shareholders were invited to participate, with a participation rate of approximately 27%, and an average application amount of around A$19,383 [3]. - The scale back of applications was implemented to ensure equitable outcomes for shareholders, limiting dilution relative to their holdings [5][8]. Group 2: Equity Raising Overview - The equity raising included an A$85 million institutional placement, a C$34.5 million Canadian bought deal offering, and a charity flow-through placement totaling approximately A$16.4 million [7]. - The proceeds from the equity raising and SPP will primarily be used for resource growth and upgrades at the Green Bay project, as well as for underground development and working capital [3][4]. Group 3: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a total of 50.4 million tonnes of Measured and Indicated Mineral Resources at a grade of 1.7% copper equivalent, and 29.3 million tonnes of Inferred Mineral Resources at a grade of 1.9% copper equivalent [14][29]. - The project has a clear strategy to rapidly grow its mineral resource to establish a globally significant copper-gold asset [14]. Group 4: Future Strategy - The company aims to maximize the potential at Green Bay through aggressive resource growth and economic studies in 2026 [5]. - The strong demand for the SPP reflects the company's commitment to its retail shareholders and its strategy to create value using nine drilling rigs [4].
FireFly Metals Announces Share Purchase Plan to close early
Globenewswire· 2025-12-16 22:22
Core Viewpoint - FireFly Metals Ltd has successfully received applications for its Share Purchase Plan (SPP) that significantly exceed the targeted raising amount of A$5 million, prompting an early closure of the SPP [1][2]. Company Overview - FireFly Metals Ltd is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project located in Newfoundland, Canada [6]. - The company holds a 70% interest in the Pickle Crow Gold Project in Ontario, which has an Inferred Mineral Resource of 11.9 million tonnes at a grade of 7.2 grams per tonne for 2.8 million ounces of gold [8]. - Additionally, FireFly holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia [8]. Share Purchase Plan (SPP) Details - The SPP opened on December 10, 2025, and will close early at 5:00 PM (AWST) on December 19, 2025, due to the positive response [2][4]. - The company reserves the right to accept oversubscriptions in compliance with ASX Listing Rules and the Corporations Act 2001 [3]. - New fully paid ordinary shares under the SPP are expected to be issued on December 30, 2025 [3][4]. Mineral Resource Estimates - The Green Bay Copper-Gold Project hosts a total of 50.4 million tonnes of Measured and Indicated Mineral Resources at a grade of 2.0% for 1,016,000 tonnes of copper equivalent [7][24]. - The Inferred Mineral Resource for the Green Bay Project stands at 29.3 million tonnes at a grade of 2.5% for 722,000 tonnes of copper equivalent [7][24]. - The Pickle Crow Gold Project has an Inferred Mineral Resource of 11.9 million tonnes at a grade of 7.2 grams per tonne for 2.8 million ounces of gold [8][12]. Financial Metrics - The company has calculated metal equivalents based on a copper price of US$8,750 per tonne, a gold price of US$2,500 per ounce, and a silver price of US$25 per ounce [13][24]. - The metallurgical recovery rates used in calculations are 95% for copper and 85% for both gold and silver, based on historical performance [13][24].
Results of Share Purchase Plan
Accessnewswire· 2025-11-10 22:25
Core Insights - Barton Gold Holdings Limited has successfully raised $20 million in cash, bolstered by a recent $15 million institutional placement and a Share Purchase Plan (SPP) that opened on October 23, 2025 [1] Financial Highlights - The SPP allowed eligible subscribers to purchase new shares at $1.25 each, which is a 3.8% discount to Barton's last traded price of $1.30 before the placement announcement [1] - The share price of $1.25 represents a 7.6% premium to Barton's one-month volume-weighted average price (VWAP) of $1.16 and a 9.2% premium to the last traded price of $1.145 prior to settlement on October 21, 2025 [1] Project Developments - A Definitive Feasibility Study (DFS) is currently underway for 'Stage 1' production at the Central Gawler Mill [1] - Drilling for JORC Mineral Resources is progressing rapidly at the 'Stage 2' Tunkillia Gold Project [1]
Amaero Announces Completion of Share Purchase Plan
Globenewswire· 2025-09-26 12:00
Core Points - Amaero Ltd has completed its non-underwritten share purchase plan (SPP) after raising approximately A$470,000, with 1,175,000 new fully paid ordinary shares to be issued at A$0.40 each [1][2][3] - The proceeds from the SPP will be utilized to accelerate growth initiatives planned for FY2027 and beyond [3] Company Overview - Amaero Ltd is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing, primarily serving the defense, space, and aviation industries [4] - The company has advanced gas atomization technology with an industry-leading yield of additive manufacturing powder and specializes in PM-HIP manufacturing, which addresses domestic supply chain challenges for large-scale castings and forgings [4]
Firefly Doubles Share Purchase Plan to A$10M in Response to Strong Demand
Newsfile· 2025-07-11 00:12
Core Viewpoint - FireFly Metals Ltd has doubled its share purchase plan (SPP) to A$10 million due to strong demand from retail shareholders, reflecting the company's commitment to its investor base [1][2][6]. Group 1: Share Purchase Plan (SPP) Details - The SPP applications totaled approximately A$28.2 million, significantly exceeding the original target of A$5 million [2]. - The SPP was open to 5,365 eligible shareholders, with a participation rate of approximately 31% and an average application amount of around A$16,800 [3]. - A total of 10,416,666 new fully paid ordinary shares will be issued under the SPP, expected to trade from July 15, 2025 [12]. Group 2: Equity Raising and Use of Proceeds - The SPP is part of a larger equity raising effort totaling approximately A$98.1 million, which includes a charity flow-through placement, an institutional placement, and a Canadian offering [5][8]. - Proceeds from the equity raising and SPP will primarily be used for the growth and upgrading of the mineral resource at the Green Bay Copper Gold Project, as well as for underground development, pre-construction works, mining studies, and working capital [5]. Group 3: Company Strategy and Future Plans - FireFly plans to add an eighth drill rig to its program at the Green Bay project to expedite the exploration of near-mine opportunities and regional targets [9]. - The company aims to generate strong results and news flow as it continues to push for maximum shareholder value [9]. Group 4: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a mineral resource of 24.4 million tonnes of measured and indicated resources at 1.9% copper equivalent, and 34.6 million tonnes of inferred resources at 2.0% copper equivalent [13][27]. - The company has commenced a 130,000-meter diamond drilling program to rapidly grow its copper-gold mineral resource [13].