Firefox Gold Closes First Tranche of Non- brokered Private Placement
Firefox Gold Closes First Tranche of Non-
brokered Private Placement
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES/
VANCOUVER
,
July 4, 2019
/CNW/ - FireFox Gold Corp. ("FireFox" or the "Company") announces,
effective
June 28, 2019
that it has completed the first tranche of a non-brokered private placement
(the "Private Placement") by issuing 4,400,000 units of the Company ("Units") at a purchase price of
$0.10
per Unit for gross proceeds of
$440,000
. Each unit consists of one common share of the
Company and one non-transferrable common share purchase warrant. Each warrant shall be
exercisable into one additional common share of the Company for a period of three years from the
closing of the Offering at an exercise price of
$0.15
.
Subject to regulatory acceptance, the Company intends to complete a second tranche of the Private
Placement before
July 31, 2019
, which is expected to increase the total gross proceeds of the
Private Placement to approximately
$750,000
.
After closing this tranche of the financing, FireFox has 33.8 million shares outstanding, 8.7 million
warrants, and 1.7 million stock options issued.
The shares issued pursuant to the offering 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. Finders'
fees may be payable to qualified finders in accordance with applicable regulations. All currency
figures cited in this news release are in Canadian dollars.
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 100,000 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 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.
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
completion of the Offering and the timing thereof and the use of proceeds therefrom. 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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO
THE UNITED STATES
.
SOURCE
FireFox Gold Corp.
View original content:
http://www.newswire.ca/en/releases/archive/July2019/04/c6227.html
%SEDAR: 00043219E
For further information:
FireFox Gold Corp., Email: [email protected], Telephone: 604-558-
7687
CO: FireFox Gold Corp.
CNW 08:00e 04-JUL-19