Brief: Firefinch Announces A$90 Mln Equity Raise

Firefinch

21/09/2022 02:23

Sept 21 (Reuters) - Firefinch Ltd  FFX.AX :
    * RECAPITALISATION PACKAGE AGREED WITH KEY STAKEHOLDERS
INCLUDING
A$90 MILLION EQUITY RAISE
    * ISSUE OF ABOUT 1.5 BILLION NEW FULLY PAID ORDINARY SHARES
AT AN
OFFER PRICE OF A$0.06 PER NEW SHARE
    * CO'S CURRENT MINING SERVICES CONTRACTOR, MEIM MORILA SARL,
TO
CONVERT $23.4 MILLION OF OUTSTANDING DEBT, FUTURE LIABILITIES TO
EQUITY
    * CO TO LAUNCH  SHARE PURCHASE PLAN OFFER  OF UP TO A$10
MILLION

Source text for Eikon:  ID:nASX9CWwbH 
Further company coverage:  FFX.AX 

 ((Reuters.Briefs@thomsonreuters.com;))