Firefox GOLD Closes First Tranche of Non-Brokered Private Placement
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FIREFOX GOLD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC – (September 11th, 2019) – FireFox Gold Corp. (“FireFox” or the “Company”) announces,
effective September 9th, 2019 that it has completed the first tranche of a non-brokered private placement (the
“Private Placement”) by issuing 1,973,333 units of the Company at a purchase price of $0.15 per unit for gross
proceeds of $296,000. Each unit consist s 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 two years from the closing of the offering at an exercise price of $0.20. Subject to
regulatory acceptance, t he Company intends to complete a second tranche of the Private Placement by
September 15th, 2019.
Two related parties participated in the transaction, having subscribed for a total of 440,000 units for gross
proceeds of $66,000. The Company is relying on the exemptions from the valuation and minority shareholder
approval requirements of MI 61 -101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101, as the fair
market value of the participation in the offering by insiders does not ex ceed 25 per cent of the market
capitalization of the Company, as determined in accordance with MI 61 -101. The Company did not file a
material change report in respect of the related party transaction at least 21 days before the closing of the
offering, which the Company deems reasonable in the circumstances in order to complete the offering in an
expeditious manner.
After closing this tranche of the financing, FireFox has 38.9 million shares outstanding, 13.8 million warrants,
and 3.5 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
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, 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
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 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 offering and the timing thereof and the use of proceeds therefrom. Although
we believe the expectations reflected in our forward looking statements are re asonable, actual 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 u ndue 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.