Firefox GOLD Closes Second and Final Tranche of Non-Brokered Private Placement and Completes Share Consolidation
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
FIREFOX GOLD CLOSES SECOND and FINAL TRANCHE of
NON-BROKERED PRIVATE PLACEMENT and COMPLETES SHARE CONSOLIDATION
VANCOUVER, BC – (August 20, 2025) – FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (“FireFox” or the
“Company”) announces, effective August 15, 2025 that, subject to regulatory acceptance, it has completed the
second and final tranche of the non-brokered private placement (the “Private Placement”) and the 10:1 share
consolidation announced on July 15, 2025.
All numbers and prices in the paragraph below pertaining to the Private Placement are stated as pre -
consolidation values.
FireFox has raised gross proceeds of $7,000,000 by issuing 175,000,000 units of the Company at a purchase
price of $0. 04 per unit. Each unit consists of one common share of the Company and one common share
purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the
Company at an exercise price of $0.06 per share for a term of three years from the date of issuance. 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. Pursuant to this offering
and before the effects of the share consolidation, the Company has issued and outstanding shares totaling
383,272,249.
The Company intends to use the p roceeds of the Private Placement for mineral exploration and related
expenditures on FireFox’s Mustaja rvi, Jeesio , and Sarvi projects in northern Finland and general working
capital.
The Company now recognizes a new insider, Concept Capital Corp. Certain directors and officers of the
Company purchased a total of 1,375,000 units. Other insiders, namely Agnico Eagle Mines Limited (“ Agnico”),
Crescat Portfolio Management LLC (“Crescat ”) and Concept Capital Corp. (“ Concept”) purchased a total of
62,772,500 units. Specifically, Agnico exercised their participation right and acquired 19,022,500 units.
The placement to these insiders constitutes a “related party transaction” within the meaning of Multilateral
Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSXV
Policy 5.9 -- Protection of Minority Security Holders in Special Transactions. In connection with this related
party transaction, the Company is relying on the formal valuation and minority shareholder approval
exemptions of 5.5(a) and 5.7(1)(a) of MI 61 -101, respectively, as the fair market value of the portion of the
Private Placement subscribed for by these insiders does not exceed 25 percent of the Company’s market
capitalization.
The Company also notes that new investors subscribed for 78% of this offering, totaling 90,927,500 units.
Immediately following the close of the Private Placement, the Company completed a 10-for-1 consolidation
of its common shares (the “Share Consolidation”). The Share Consolidation was approved by the Company’s
board of directors pursuant to a resolution passed on February 25, 2025 and received TSXV approval. The
Company’s new issued and outstanding share total now stands at 38,327,225. FireFox’s newly consolidated
shares commenced trading on the TSX Venture Exchange (TSXV) on August 15, 2025 at $0.55 per share.
FireFox will pay fees and issue warrants to qualified finders totaling $102,046 in cash , 4,987,500 pre-
consolidation shares in lieu of cash , and 7,383,650 finders warrants (pre-consolidation warrants),
exercisable at a pre-consolidation price of $0.06 for 3 years from the date of issuance).
About FireFox Gold Corp.
FireFox Gold Corp is listed on the TSXV 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 large 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 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.sedarplus.com.
On behalf of the Board of Directors,
“Carl Lo fberg”
Chief Executive Officer
CONTACT:
FireFox Gold Corp.
Email: [email protected]
Telephone: 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 incl ude: 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
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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 expected total financing amounts,
terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be
conducted in 2025. 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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTL Y, OR INDIRECTLY, IN WHOLE OR IN PART , IN OR INTO THE UNITED STATES.