Firefox GOLD Completes $2.1 Million Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
FIREFOX GOLD COMPLETES $2.1 MILLION NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC – (October 28th, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that,
subject to regulatory acceptance, it has completed the non-brokered private placement (the “Private
Placement”) announced on October 13th, 2020.
The Private Placement was oversubscribed, raising total gross proceeds of approximately $2,143,494 by
issuing 11,908,300 units at a purchase price of $0.18 per unit. Each unit consists of one common share of the
Company and one half of 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 C$0.27 per share for a term
of two 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.
The Company intends to use the proceeds of the Private Placement for general corporate purposes, working
capital and exploration activities on FireFox’s gold exploration properties in Finland.
M Partners Inc. acted as a finder in this placement. In association with this tranche of the financing, subject
to TSX-V acceptance, the Company will pay to qualified finders $80,875 in cash finder’s fees and will issue
374,422 finder’s warrants exercisable at $0.18 for 2 years from the date of issuance.
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 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
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, eq uity
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 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 2021. Although we be lieve 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.
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DISSEMINATION DIRECTL Y, OR INDIRECTLY, IN WHOLE OR IN PART , IN OR INTO THE UNITED STATES.