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 – (October 13, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it
intends to raise up to $2,000,000 by way of a non-brokered private placement (the “Private Placement”). The
Private Placement will consist of up to 11,111,111 units of the Company (“Units”) at a price of $0.18 per Unit.
Each Unit will consist of one common share of the Company ("Common Share") and one-half of one common
share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common
share of the Company (a “Warrant Share”) at an exercise price of $0.27 per Warrant Share for a term of two
years following the closing of the Offering.
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 this financing, FireFox has
68.9 million shares outstanding, 31.0 million warrants, and 6.2 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 of issuance, in accordance with applicable securities legislation. The Company
anticipates that the Private Placement will close on or about October 23, 2020. The Company expects to pay
finder’s fees in association with this financing.
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
170,000 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, 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.sedar.com.
On behalf of the Board of Directors,
“Carl Löfberg”
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: +1-778-244-8439
Forward Looking Statements
The information herein 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, the extent of work stoppage and economic impacts that may
result from the COVID 19 virus, 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 amount and timing of the
current financing, current and future work program, including the ext ent and nature of exploration to be
conducted in 2020. Although we believe the expectations reflected in our forward -looking statements are
reasonable, results may vary. The forward-looking statements contained herein represent the expectations
of FireFox 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. FireFox does not undertake to update this information at any particular time except as
required in accordance with applicable laws.