Gold and copper explorer FireFly Metals was in front of...

Gold and copper explorer FireFly Metals was in front of investors on Tuesday morning with a $52 million equity raise, Street Talk understands.Sources said the $247 million market cap company is seeking to raise fresh funds at a 10 per cent discount to its last traded price of 68¢.Canaccord Genuity is the global co-ordinator on the raise. It’s working with Bank of Montreal as joint lead managers and book runners. Brokers Argonaut, Euroz Hartleys, and Shaw and Partners are acting as co-managers.Sources said a large global institution has come in for 9.9 per cent of the raise. Existing investors will be invited to apply for shares

source: AFR