Firetail Resources Limited announced a private placement of 22,325,000 shares at issue price AUD 0.04 for gross proceeds AUD 893,000 on June 6, 2024. The transaction includes participation from Company?s executive chair Brett Grosvenor. 708 Capital Pty Ltd are acting as lead manager and bookrunner with respect to the Placement and Entitlement Offer and will receive a 5% fee on the gross proceeds raised.

The transaction is expected to complete by June 19, 2024. The transaction is subject to approval from shareholders