RCF Opportunities Fund L.P. Announces Acquisition of Shares in Fireweed Zinc Ltd.
RCF Opportunities Fund L.P. Announces Acquisition of Shares
in Fireweed Zinc Ltd.
DENVER, CO
,
Feb. 26, 2018
/CNW/ -
Denver, Colorado
, RCF Opportunities Fund L.P. ("
RCF
") reports that on
February 26, 2018
, it
acquired 1,000,000 common shares (the "
Common Shares
") and 3,000,000 flow-through common shares ("
Flow-Through Shares
" together
with the Common Shares, the "
Shares
") of Fireweed Zinc Ltd. (the "
Company
") pursuant to a brokered private placement (the "
Private
Placement
"). RCF acquired the Common Shares at a price of
$1.32
per Common Share and the Flow-Through Shares at a price of
$1.225
per
Flow-Through Share for a total purchase price of
$4,995,000.00
.
Prior to the Private Placement, RCF did not own or control any Shares or securities convertible into Shares.
Immediately following the Private Placement, RCF owned a total of 4,000,000 Shares representing approximately 13.3% of the Company's issued
and outstanding Shares.
RCF acquired the Shares for investment purposes. RCF may from time to time acquire additional securities, dispose of some or all of the existing
or additional securities or may continue to hold the securities of the Company.
The Company's head office is located at 1020-800 W.
Pender Street
,
Vancouver, British Columbia
, V6C 2V6.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please
see the Company's profile on the SEDAR website
www.sedar.com
.
About RCF Opportunities Fund L.P.
RCF is a private investment fund existing under the laws of the
Cayman Islands
. For further information and to obtain a copy of the early warning
report, please contact:
SOURCE
RCF Opportunities Fund L.P.
View original content: http://www.newswire.ca/en/releases/archive/February2018/26/c7564.html
%SEDAR: 00042438E
For further information:
RCF Opportunities Fund L.P., 1400 Sixteenth Street, Suite 200, Denver, CO, 80202, Telephone:
720-946-1444,
Attn: Molly Campbell
CO: RCF Opportunities Fund L.P.
CNW 18:10e 26-FEB-18