FireFox Announces Upsizing of Private Placement to $7,100,000
FireFox Announces Upsizing of Private Placement to $7,100,000
VANCOUVER, BC (May 29, 2026) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or
the “Company”) is pleased to announce that further to its press release dated May 15, 2026, due to
strong investor demand, it has upsized its previously announced private placement to 11,833,333
units of the Company (each a “Unit”) at a price of $0.60 per Unit for aggregate gross proceeds to the
Company of up to $7,100,000 (the “Offering”). Each Unit is comprised of one common share (each, a
“Share”) and one half of one common share purchase warrant (each full warrant, a “Warrant”). Each
Warrant will be exercisable for one common share (each, a “Warrant Share”) at an exercise price of
$0.90 and will expire three years from the closing date of the Offering.
The net proceeds of the Offering are expected to fund a significant drill program at the Mustaja rvi
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 plans to continue with the current drill
program and expects to drill through the winter. The Offering is expected to close on or about June 9,
2026, (the “Closing Date”) subject to certain conditions including, but not limited to, the approval of
the TSX Venture Exchange (the “TSXV”) and all other necessary regulatory approvals. 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.
In connection with the Offering, the Company anticipates paying certain arm’s length parties a cash
finder’s fee payment up to an agreed percentage, based on the Units that are sold to subscribers
introduced by such parties.
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 tran saction” 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, is not more than 25% of the Company’s market capitalization.
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.
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; and the anticipated use of net proceeds
from the Offering, including any drilling and advancement of exploration work on the Mustajärvi Project
and Sarvi Project. 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 ass umptions
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.