FireFly Metals Ltd signed an agreement to acquire 1451366 B.C. Ltd. from Gold Hunter Resources Inc. (CNSX:HUNT) for CAD 17 million on December 21, 2023. In the Transaction, Gold Hunter has agreed to sell all Shares to Firefly in exchange for the issuance of 30.290624 million Firefly Shares at a deemed issue price of CAD 0.498 per Firefly Share representing an amount equal to CAD 15 million to be issued at Closing and comprising CAD 0.5 million in cash. Contemporaneously with the completion of the SPA, the Company will also discharge an existing Gold Hunter liability of CAD 1.5 million, which will be satisfied through the issue of Shares issued on the same terms as the Consideration Shares. Upon the Closing, the Subsidiary will become a wholly owned subsidiary of Firefly. Completion of the Transaction is contingent on several conditions, including, necessary regulatory, shareholder and third-party approvals. A special meeting of its shareholders will be convened to seek approval, by special resolution, of the Transaction. The Company will promptly prepare and circulate a notice of Special Meeting and information circular to Company Shareholders with details regarding the Transaction, the Transaction Resolution, and instructions with respect to voting at and attending the Special Meeting. The shareholders of Gold Hunter Resources approved the transaction at annual general and special meeting of shareholders held on March 15, 2024. Completion of the Arrangement remains subject to receipt of the court order (the 'Court Order') of the Supreme Court of British Columbia and certain other customary closing conditions. Canaccord Genuity Group Inc. (TSX:CF) acted as Financial Adviser to Firefly Metals Ltd.

FireFly Metals Ltd completed the acquisition of 1451366 B.C. Ltd. from Gold Hunter Resources Inc. (CNSX:HUNT) for CAD 18.3 million on MARCH 26, 2024. Consideration is paid through issuance to Gold Hunter of 30,290,624 common shares in Firefly Metals valued at approximately CAD 15 million.