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  • Fireweed Zinc Ltd. (FWZ) has announced a non-brokered private placement for gross proceeds of up to $3.6 million
  • The offering will consist of up to 4,500,000 flow-through common shares of the company at a price of $0.80 per share
  • The proceeds from the offering will be used for exploration and development of the Company’s Macmillan Pass Project in Yukon, Canada
  • The company is advancing its district-scale 940-kilometre Macmillan Pass Project 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 Ltd. (FWZ) is unchanged trading at $0.70 per share as of 3:04 p.m. EST

Fireweed Zinc Ltd. (FWZ) has announced a non-brokered private placement for gross proceeds of up to $3.6 million.

The offering will consist of up to 4,500,000 flow-through common shares of the company at a price of $0.80 per share.

The proceeds from the offering will be used for the exploration and development of the company’s Macmillan Pass Project in Yukon, Canada.

Closing of the offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange.

All securities issued under the offering will be subject to a statutory hold period of four months plus a day following the date of closing.

Fireweed Zinc may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.

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-kilometre Macmillan Pass Project 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.

It also applies to the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources.

Fireweed Zinc Ltd. (FWZ) is unchanged trading at $0.70 per share as of 3:04 p.m. EST.

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