Firefox GOLD Announces Completion of Shares FOR Services Transaction
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FIREFOX GOLD ANNOUNCES COMPLETION
OF SHARES FOR SERVICES TRANSACTION
VANCOUVER, BC, November 20, 2019 – FireFox Gold Corp. ("FireFox" or the "Company") (TSXV: "FFOX")
announces that the Company has completed the previously announced issuance of shares in exchange for
drilling services. FireFox entered into an agreement for services with Oy Kati Ab Kalajoki ("Kati"), an arm's
length party, pursuant to which the Company has now issued common shares of the Company in full
satisfaction of drilling services provided by Kati in Northern Finland (the "Shares for Services").
Under the agreement, the deemed price of the common shares to be issued was to be calculated using the
closing price of the Company's common shares on the first trading day after the last date on each invoice in
which Services are provided to the Company.
The Company has now received invoices from Kati for all work performed and has issued an additional
1,959,300 common shares with a value of approximately $0.124 per share in settlement of invoices totaling
$243,309 in this tranche. This brings the total number of shares issued under the agreement to 2,524,400
with a value of $332,906 , for a value of approximately $0.132 per share . There are no further issuances of
shares contemplated under the agreement.
The second tranche of securities will be subject to a four month hold period expiring March 20, 2020. This
issuance of shares is subject to the final acceptance of the TSX Venture Exchange . Conditional acceptance
for the share issuance has been granted.
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company
is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes
over 150,000 hectares 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, Fi nland 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 Lo fberg”
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: 604-558-7687
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, d epth, location, and direction
of the drill holes; the timing of assay results; and possi ble 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 represe nt 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 d ate. 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, t he mineralization on properties nearby FireFox’s
land packages is not necessarily indicative of mineralization on FireFox’s properties.