Firefox Gold Announces Non-brokered Private Placement
Firefox Gold Announces Non-brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / November 21, 2022 / FireFox Gold Corp.
(TSX.V:FFOX)(OTCQB:FFOXF) ("FireFox" or the "Company") announces that, subject to
regulatory approval, it intends to raise up to $500,000 by way of a non-brokered private
placement (the "Private Placement"). The Private Placement will consist of up to 6,250,000 units
of the Company ("Units")at a price of $0.08 per Unit. Each Unit will consist of one common
share of the Company("Common Share") and 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 $0.12 per Warrant Share for a term of two years
following the closing of the Offering.
It is anticipated that the proceeds of the Private Placement will be used for general working
capital and exploration activities at Mustajärvi and other Company projects in Finland. Prior to
this financing, FireFox has 124.7 million shares outstanding, 14.8 million warrants outstanding,
and 6.6 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 November
30, 2022. 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.
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 under explored 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: +1-778-938-1994
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 size and closing
date of the Private Placement. 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.
SOURCE: FireFox Gold Corp