Firefox Announces Upsizing of Private Placement to $7 Million
FIREFOX ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO $7 MILLION
VANCOUVER, BC (July 17, 2025) – Firefox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) ("FireFox"
or the "Company") is pleased to announce that further to its press release dated July 15, 2025, it has upsized
its previously announced private placement. Under the amended terms, the Company will issue up to
175,000,000 units of the Company (each a " Unit") at a price of $0.04 per Unit (the " Issue Price") for
aggregate gross proceeds to the Company of up to $7,000,000 (the "Offering").
The net proceeds of the Offering are expected to fund a significant drill program at the Mustajärvi Project,
as well as a return to drilling at the Sarvi project along with other exploration work, working capital and
general corporate purposes. The Company has secured drill rig availability for a significant drill program
to start within a few weeks of closing the Offering, and FireFox expects to drill through the winter. The
Offering is expected to close on or about August 15, 2025, subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture
Exchange (the “TSXV”). The shares, warrants and warrant shares will be subject to a statutory hold period
of four months plus one day from the closing date, in accordance with applicable securities legislation.
FireFox reminds the reader that the Company is also undertaking a 10-for-1 consolidation of its share capital
(the “Consolidation”) concurrently with the closing of the Offering. The details of the Consolidation and
additional information are available in the Company’s last news release on July 15, 2025.
It is expected that certain Insiders of the Company (as such term is defined under the policies of the TSXV),
including certain directors, will participate in the Offering. The participation of Insiders in the Offering will
constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection
of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely upon
exemptions from the formal valuation and minority approval requirements of MI 61 -101 based on a
determination that the fair market value of the Offering, insofar as it involves the related parties, does not
exceed $2,500,000.
Quality Assurance
Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of the Company, is
a qualified person as defined by National Instrument 43-101. Mr. Highsmith has helped prepare, reviewed,
and approved the technical information in this news release. As a director and shareholder of the Company,
he is not independent.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox
also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The
Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective
ground.
Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top -10
rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long
mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have
highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.
For more information, please refer to the Company’s website and profile on the SEDAR + website at
www.sedarplus.ca.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: +1-778-938-1994
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content
of this release.
This press release is intended for distribution in Canada only and is not intended for distribution to
United States newswire services or dissemination in the United States.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
Forward Looking Statements
Certain statements and information contained in this news release, contain forward-looking statements and
forward-looking information within the meaning of applicable securities laws. Such forward-looking
statements or information include but are not limited to statements or information with respect to: the terms
and conditions of the Offering; the closing date for the Offering; the anticipated use of net proceeds from
the Offering; the intent to conduct additional exploration; the belief as to the location of the most
prospective gold targets; the location of targets for future exploration programs; and the current and future
work program, including the extent and nature of explorat ion to be conducted in 2025. Often, but not
always, forward-looking statements or information can be identified by the use of words such as “estimate”,
“project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the
negative of these words or such variations thereon or comparable terminology are intended to identify
forward-looking statements and information. With respect to forward-looking statements and information
contained herein, the Company has made numerous assumpt ions including among other things,
assumptions about general business and economic conditions and the price of gold and other minerals. The
foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that forward -
looking statements or information herein will prove to be accura te. Forward -looking statements and
information by their nature are based on assumptions and involve known and unknown risks, uncertainties
and other factors which may cause actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements or information. These factors include, but are not limited to: risks relating to
the Company’ s financing efforts; business and economic conditions in the mining industry generally;
changes in world commodity markets and equity markets; the supply and demand for labour and other
project inputs; changes in interest and currency exchange rates; changes in government and changes to
regulations affecting the mining industry ; risks relating to inaccurate geological and engineering
assumptions; risks relating to unanticipated operational difficulties; risks relating to adverse weather
conditions; and potential delays to exploration activities.
The forward-looking statements contained herein represent the expectations of the Company as of the date
of dissemination and, accordingly, are subject to change after such date. Readers should not place undue
importance on forward-looking statements and should not rely upon this information as of any other date.
The Company does not undertake to update this information at any particular time except as required in
accordance with applicable laws.