Arctic Fox Ventures Inc. Announces Private Placement
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
ARCTIC FOX VENTURES INC.
April 7, 2022 Trading Symbol: CSE –AFX
ARCTIC FOX VENTURES INC. ANNOUNCES PRIVATE PLACEMENT
ARCTIC FOX VENTURES INC . (the “Company”) (CSE: “AFX ”) wishes to announce that the Company intends to
complete a non-brokered private placement of up to 1,0 00,000 units (the “Units”) at a price of CDN$0.10 per unit
for gross proceeds of up to CDN$100,000 (the “Offering”). Each unit will consist of one share (the “Offered Share”)
and one share purchase warrant entitling the holder to purchase an additional share at a price of $0.12 for a period
of two (2) years form the date of closing. Proceeds of the Offering are intended to be used to fund the Company’s
working capital.
Closing of the Offering is at the discretion of the Company and is subject to certain conditions including receipt of
all necessary regulatory approvals, including approval of the CSE. The Offered Shares will be subject to a four
month and one day hold.
For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Ventures Inc.
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 release.
Forward-Looking Information: This release includes certain statements that may be deemed "forward -looking statements". All statements i n this release,
other than statements of historical facts, that address any activities and events or developments that Arctic Fox Ventures Inc. ("Arctic Fox") expects to occur,
are forward -looking statements. Although Arctic Fox believes the expectations e xpressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materiall y from those forward -
looking statements. Forward -looking statements in this press release include, but are not limited to, statements relating to: the closing of the potential
change of business of Arctic Fox; future share issuances and share transfers; the entering into of a definitive agreement rel ating to the chang e of business;
and future approvals required in respect of the change of business; Factors that could cause actual results to differ materia lly from those in forward looking
statements include inability to enter into a definitive agreement with respect to the change of business; inability to secure any or all necessary approvals in
order for the change of business to occur; inability to find potential investors willing to invest in future private placements; market prices; disruptions relating
to the COVID-19 pandemic; and continued availability of capital and financing and general economic, market or business conditions. These s tatements are
based on a number of assumptions including, among other things, assumptions: regarding general business and economic conditions; that a definitive
agreement will be entered into with respect to the change of business; that financing will be secured on the terms as describ ed in this press release or at all;
that certain securityholders will be willing and able to transfer their escrowed securities; and that all necessary approvals (regulatory and otherwise) required
in respect of the change of business and any proposed private placements will be obtained. Investors are cautioned that any s uch 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.