Firefox GOLD Announces Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
FIREFOX GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC – (February 27, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that
it intends to undertake a non-brokered private placement (the “Private Placement”) for total gross proceeds
of up to $ 750,000. The Private Placement will consist of up to 1,666,667 common shares of the Company
(“Shares”) at a purchase price of $0.45 per Share. It is anticipated that the p roceeds of the Private
Placement will be used for general working capital and exploration activities on FireFox’s gold exploration
properties in Finland . Prior to t his financing, FireFox has 20.45 million shares outstanding, no warrants,
and 1.745 million stock options issued.
The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four
months plus one day from the date o f issuance, in accordance with applicable securities legislation. The
Company anticipates that the Private Placement will close on or about March 15, 2018. The Company does
not intend to pay any finder’s fees in association with this financing.
About FireFox Gold Corp.
FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in
Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147 -hectare Mustaja rvi
Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals
Ltd., a private prospect generator company in Finland, through which it has an option to acquire a 100%
interest in three projects (subject to a NSR royalty) that currently encompass ap proximately 67,000
hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the
properties and make cash payments to Magnus of CAD $250,000 over a three -year period (See Silverstone
Resources Corp. news release dated Aug 2, 2017).
Finland is one of the top mining jurisdictions in the world as indicated by its 1 st ranking in the Investment
Attractiveness Index of the 2017 Fraser Institute Survey of Mining Companies. Having a strong mining law
and long mining tradi tion, 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 Lo fberg”
Chief Executive Officer
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 looki ng 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 indust ry. Forward-looking statements in this release may
include statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds
therefrom. Although we believe the expectations reflected in our forward looking statemen ts 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, t he mineralization on properties nearby FireFox ’s
land packages is not necessarily indicative of mineralization on FireFox’s properties.
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DISSEMINATION DIRECTLY , OR INDIRECTLY , IN WHOLE OR IN PART , IN OR INTO THE UNITED STATES.