Arctic Fox Lithium Corp. Closes First Tranche of 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 26, 2024 Trading Symbol: CSE - AFX
FSE – O5K
ARCTIC FOX LITHIUM CORP. CLOSES FIRST TRANCHE OF NON-BROKERED
PRIVATE PLACEMENT OF UNITS
VANCOUVER, BRITISH COLUMBIA ( March 26, 202 4) – Arctic Fox Lithium Corp. (CSE:
AFX / FSE: O5K) (“Arctic Fox” or the “Company”) is pleased to announce that it has closed
the first tranche of a non-brokered private placement. In connection with the first tranche, the
Company issued 2,833,333 units (the “Units”) at a price of CDN$0. 03 per Unit for aggregate
gross proceeds of $ 85,000. Each Unit consists of one common share in the capital of the
Company 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.
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 placement are 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 Lithium 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 forward -looking statements.
Forward-looking statements in this press release include, but are not limited to, statements relating to th e private placement described herein,
including but not limited to the anticipated use of proceeds raised in the private placement ; and statements relating to Arctic Fox’s operational
goals. Factors that could cause actual results to differ materially from those in forward looking statements include: 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 assumpt ions including, among other things: assumptions regarding general business and economic
conditions; and Arctic Fox having sufficient resources to be able to conduct anticipated exploration activities on its propert ies. Investors are
cautioned that any such statements are not guarantees of future performance 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.