Arctic Fox Lithium Corp. Announces Non-Brokered Private Placement of Units
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
March 21, 2024 Trading Symbol: CSE - AFX
FSE – O5K
ARCTIC FOX LITHIUM CORP. ANNOUNCES NON-BROKERED PRIVATE
PLACEMENT OF UNITS
VANCOUVER, BRITISH COLUMBIA ( March 21, 202 4) – Arctic Fox Lithium Corp. (CSE:
AFX / FSE: O5K) (“Arctic Fox” or the “Company”) is pleased to announce that it intends to
complete a non-brokered private placement of units (the “Units”) at a price of CDN$0. 03 per
Unit for aggregate gross proceeds of up to $ 150,000. Each Unit will consist of one common
share in the capital of the C ompany and one common share purchase warrant (each, a
“Warrant”), with each Warrant entitling the holder thereof to purchase one common share of
the Company at a price of CDN$0.06 for up to 24 months.
The first tranche of the private placement is expected to close on or around March 26, 2024. It is
anticipated that the proceeds from the private placement will be used for general working capital
purposes.
All securities issued pursuant to the private p lacement described above will be subject to a four -
month and one-day hold period.
About Arctic Fox Lithium Corp.
Established in Vancouver, British Columbia, Arctic Fox is a Canadian junior mining exploration
company founded by an experienced management team to assess and grow its portfolio into a
leading company in lithium and rare earth elements . Through targeted exploration and
intentional research, Arctic Fox is bringing a trustworthy lens to the development of sought-after
resources from multiple projects in Canada, focussing on properties in the mining -friendly
province of Québec.
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Lithium Corp.
For further information:
Harry Chew, President, CEO
Phone: (604) 689-2646
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
www.arcticfoxlithium.com
Further Information:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address any activities and events or developments that Arctic Fox Li thium Corp. ("Arctic
Fox") expects to occur, are forward -looking statements. Although Arctic Fox believes the expectations expressed in such forward -looking
statements are based on reasonable assumptions, actual results or developments may differ materially from those forw ard-looking statements.
Forward-looking statements in this press release include, but are not limited to, statements relating to the private placement described herein,
including but not limited to the anticipated timing for closing of the first tranche and the use of proceeds raised in the private placement. Factors
that could cause actual results to differ materially from those in forward looking statements include: uncertainty with respe ct to the funds that
will be raised in the private placement and the timing of closing the first tranche ; market prices; continued availability of resources required in
order to continue exploration on Arctic’s Fox’s properties; and general economic, market or business conditions. These statements are based on
a number of assumptions including, among other things: assumptions relating to the timing for closing the first tranche of the private placement
described herein; assumptions regarding general business and economic conditions; and Arctic Fox having sufficient resource s to be able to
conduct anticipated exploration activities. Investors are cautioned that any such statements are not guarantees of future per formance and actual
results or developments may differ materially from those projected in the forward-looking statements. Arctic Fox does not assume any obligation
to update or revise its forward -looking statements, whether as a result of new information, future events or otherwise, except as required by
applicable law.