Fireweed Zinc files $3.5M IPO final prospectus

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In: British Columbia, IPO, RTO Deals, Yukon, Mining

Fireweed Zinc Ltd. has filed its final prospectus in connection with its proposed initial public offering of 7,000,000 common shares at $0.50 per share for gross proceeds of $3,500,000.

Haywood Securities Inc. acted as agent for the offering and has been granted an over-allotment option for additional 1,050,000 common shares.

The offering is expected to close on May 30, 2017. The TSX Venture Exchange has conditionally approved the listing of Fireweed Zinc shares.

Owen Bird Law Corporation and Osler, Hoskin & Harcourt LLP are acting as legal counsel to Fireweed Zinc and the agent respectively.

On December 14, 2016 Fireweed Zinc signed an option agreement with Hudbay Minerals Inc. (TSX/NYSE: HBM) for a property located in the MacMillan Pass area of the Yukon Territory.
The property is Fireweed Zinc’s only mineral project.

Yukon, by Brigachtal via pixabay

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.

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