FireFox Gold Announces Agreement with Kati Drilling for Shares for Debt
FireFox Gold Announces Agreement with Kati Drilling for Shares
for Debt
VANCOUVER, BC / ACCESSWIRE / June 2, 2022 / FireFox Gold Corp. ("FireFox" or the
"Company") (TSXV:FFOX) announces that the Company has entered into an agreement with
Oy Kati Ab Kalajoki ("Kati"), an arm's length party, pursuant to which the Company will issue
common shares of the Company in full satisfaction of drilling services (the "Services") provided
by Kati in Northern Finland.
The Company has received invoices from Kati for work performed to March 31, 2022 and under
the Agreement will issue 1,056,997 common shares to Kati with a value of $0.15 per share in
settlement of invoices totaling $158,549.
The securities will be subject to a four month hold period, expiring October 02, 2022. This
shares-for-debt arrangement is subject to the approval of the TSX Venture Exchange.
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 huge
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 concerning the Company, please refer to the Company's profile on the
SEDAR website at www.sedar.com.
On behalf of the Board of Directors,
"Carl Löfberg"
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: 778-938-1994
Forward Looking Statements
The information in this news release contains forward looking statements that are subject to a
number of known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those anticipated in our forward looking statements. Factors that
could cause such differences include: changes in world commodity markets, equity markets,
costs and supply of materials relevant to the mining industry, change in government and changes
to regulations affecting the mining industry. Forward-looking statements in this release may
include statements regarding: the current drill program, including the expected number, depth,
location, and direction of the drill holes; the timing of assay results; and possible extensions of
mineralization along with its thickness and quality. Although we believe the expectations
reflected in our forward looking statements are reasonable, results may vary. The forward-
looking statements contained in this press release represent the expectations of FireFox as of the
date of this press release 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. FireFox does not undertake to update this information at any
particular time except as required in accordance with applicable laws.
It should also be noted that while FireFox's properties are sometimes adjacent to or nearby
operating or historic gold mines or active gold projects being advanced by other companies, the
mineralization on properties nearby FireFox's land packages is not necessarily indicative of
mineralization on FireFox's properties.
SOURCE: FireFox Gold Corp