Arctic Fox Minerals Corp. Announces NAME Change, Consolidation and Symbol Change
22 Leader Lane, Suite 409
Toronto, Ontario
M5E 0B2
604-687-2038
ARCTIC FOX MINERALS CORP. ANNOUNCES NAME CHANGE, CONSOLIDATION
AND SYMBOL CHANGE
Vancouver, British Columbia – March 8, 2023 – Arctic Fox Minera ls Corp. (CSE: FOXY)
(the “Company” or “Arctic Fox”) announces that pursuant to receip t of shareholder’s approval on
February 23, 2023, the Co mpany will be consolidating all of its issued and outstanding share capital (the
“Common Shares”), changing its name to Collective Metals Inc. and stock symbol to “COMT”.
The consolidation will be on the basis of every ten (10) old Common Shares into one (1) new Common Share
(the “Share Consolidation”), effective March 13, 2023 (the “Record Date”).
As a result of the Share Consolidation, the issued and outstand ing Common Shares will be reduced to
approximately 8,118,634. Any fract ional Post-Consolidation Shares of the Company upon effectiveness of
the Consolidation shall be converted into whole Post-Consolidation Shares such that each fractional common
share remaining after the Consolidation that is less than 1/2 of a Post-Consolidation Share be cancelled and
each fractional common share that is at least 1/2 of a Post-Con solidation Share shall be changed to one
whole Post-Consolidation Share. The exercise or conversion pric e and the number of Common Shares
issuable under any of the Company’s outstanding convertible securities will be proportionately adjusted upon
the Share Consolidation. Sharehol ders of record as at the Recor d Date will receive a letter of transmittal
providing instructions for the exchange of their Common Shares as soon as practicable following the Record
Date.
New ISIN: CA1939291060
New CUSIP: 193929106
The Common Shares are expected to begin trading under the name of Collective Metals Inc. on a post-Share
Consolidation basis on the Canadian Securities Exchange when markets open on March 12, 2023 under the
trading symbol: “COMT”
The Company believes that the Consolidation will make the Compa ny more attractive to financing
opportunities, and will allow for the restructuring and settlem ent of certain existing liabilities. Completion of
the Share Consolidation, name change and symbol change remains subject to completion of appropriate
regulatory filings with the Canadian Securities Exchange.
About the Company
Arctic Fox is a resource exploration company specialized in pre cious metals exploration in the Northwest
Territories. Arctic Fox is currently advancing the Uptown Gold Project 4 km outside of Yellowknife adjacent
to high grade past producing mines. The Property is a high grade Archean lode gold prospect adjoining the
Giant Mine in Yellowknife, Northwest Territories. The Property consists of 4 claims covering over 2,000
hectares and borders the west sid e of the Giant Mine leases. Th e Property centre is approximately 6km
north from downtown Yellowknife, and adjoins TerraX Minerals' Y ellowknife City Gold Property. The
Property is road accessible year-round via the Ingraham Trail ( Territorial Highway 4) which runs through
the eastern portion of the claims. Gold was discovered on the P roperty in 1960 and two targets were
explored intensively from 1963 to 1966.
For further information please contract:
Milos Masnikosa
22 Leader Lane, Suite 409
Toronto, Ontario
M5E 0B2
604-687-2038
Director and Interim CEO
Ph: +1-647-238-1046
Email: [email protected]
22 Leader Lane, Suite 409
Toronto, Ontario
M5E 0B2
604-687-2038
FORWARD LOOKING INFORMATION
Certain statements in this news rele ase are forward-looking statements, including with respect to future
plans, and other matters. Forward-looking statements cons ist of statements that are not purely historical,
including any statements regarding beli efs, plans, expectations or int entions regarding the future. Such
information can generally be identified by the use of fo rwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The
reader is cautioned that assumptions used in the preparation of any forward-looking information may prove
to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted,
as a result of numerous known and unknown risks, uncertainties, and ot her factors, many of which are
beyond the control of the Co mpany, including but not limited to, business, economic and capital market
conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements
and information are based on numerous assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve
goals. Factors that could cause the actual results to differ materially from those in forward-looking
statements include, the continued availability of capital and financing, litigation, failure of counterparties to
perform their contractual obligations, loss of key employees and consultants, and general economic, market
or business conditions. Forward-looking statements contained in this news release are expressly qualified
by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking
information.
The forward-looking statements contained in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.