Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) told investors its $16.8 million non-brokered private placement, announced on August 10, 2023, is fully subscribed with all allocations finalized.
The company said it will now work with the counterparties to complete the necessary steps required to close the offering, which is expected to be completed on August 31, 2023.
The offering consists of 8.75 million flow-through common shares at a price of $1.92 per share through a charitable donation arrangement.
The proceeds from the offering will be used for exploration and development of the company’s projects in northern Canada.
Fireweed Metals is a Canadian mining exploration and development company focused on developing critical metals mines. Its projects are the Macmillan Pass zinc-lead-silver project, the Mactung tungsten project, and the Gayna River zinc-lead-gallium-germanium project.
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