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  • Fireweed Zinc (FWZ) announced the company has closed a private placement with a strategic investor
  • The company will see proceeds of C$5 million from the single investor, in exchange for 6,250,000 common shares
  • Proceeds from the financing will be used in-part for exploration of the company’s Macmillan Pass Project in Yukon
  • Closing of the Financing remains subject to acceptance by the TSX Venture Exchange
  • Fireweed Zinc is up 3.75 per cent, trading at $0.83 at 12:43 pm ET

Fireweed Zinc (FWZ) announced the company has closed a private placement with a strategic investor.

The Vancouver-based mining company will see proceeds of C$5 million from the single investor, in exchange for 6,250,000 common shares of the company at $0.80 per share.

The proceeds from the financing will be used for general working capital purposes, cash reserves for future development, and exploration and development of the company’s Macmillan Pass Project in Yukon, Canada.

Closing of the financing remains subject to acceptance by the TSX Venture Exchange.

Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals.

The company is advancing its district-scale 940-square-kilometre Macmillan Pass Project in Yukon, which is host to the 100-per-cent-owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study.

Fireweed Zinc is up 3.75 per cent, trading at $0.83 at 12:43 pm ET.

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