Fireweed Zinc (TSE:FWZ) has released an update.
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Fireweed Metals Corp. has announced an increase in its private placement offering to C$41.7 million, due to robust demand. The offering includes over 12 million common shares and 16 million premium flow-through shares, with proceeds aimed at advancing the company’s exploration and development projects in northern Canada, as well as for general capital purposes. The raised funds will also support Canadian Exploration Expenses, with tax incentives for investors through flow-through shares.
For further insights into TSE:FWZ stock, check out TipRanks’ Stock Analysis page.