Firefox GOLD Completes Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
FIREFOX GOLD COMPLETES NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC – (July 11, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it has
completed its previously announced non-brokered private placement (the “Private Placement”) by issuing an
additional 1,029,358 units of the Company (“Units”) at a purchase price of $0.35 per Unit for gross proceeds
of $360,275. Combined, the Company has issued 2,114,230 Units in several tranches, raising gross proceeds
of $739,980.
Each Unit consist s of one common share of the Company and one -half of one non -transferrable common
share purchase warrant (each whole such warrant a “Warrant”). Each Warrant is exercisable into one
additional common share of the Company for a period of two years from the closing of the Private Placement
at an exercise price of C$0.45. The expiry date of the Warrants is subject to acceleration under certain
conditions.
It is anticipated that the p roceeds of the Private Placement will be used for general corporate purposes,
working capital and exploration activities on FireFox’s gold exploration properties in Finland.
The Units 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 accorda nce with applicable securities legislation. The Company
anticipates paying finder ’s fees on certain portions of this Private Placement , including broker warrants
which would be exercisable at $0.35 for a period of two years from the closing of the Private Placement.
About FireFox Gold Corp.
FireFox is an unlisted reporting issuer in British Columbia and focused entirely on gold exploration in
Finland. The Company holds a 100% interest (subject to a NSR royalty) in the 147 -hectare Mustaja rvi
Property in Lapland. In addition, the Company has entered into an option agreement with Magnus Minerals
Ltd. (“Magnus”), a private prospect generator company in Finland, through which it has an option to acquire
a 100% interest in three projects (subject to a NSR royalty) that currently encompass approximately 67,000
hectares. In order to complete the option, the Company must invest CAD $2.5 million in exploration on the
properties and make cash payments to Magnus of CAD $250,000 over a three -year period (See Silverstone
Resources Corp. news release dated Aug 2, 2017). Finally, the Company has executed a non-binding letter of
intent with Magnus under which FireFox can acquire 100% interest (subject to a NSR royalty) in
approximately 50,630 additional hectares of mineral exploration reservations in Lapland, F inland referred
to as the Seuru Properties. Subject to the execution of a definitive option agreement, the Company has agreed
to earn its interest in the Seuru Properties by making payments of CAD $200,000 in cash and 1,500,000
shares to Magnus over a thre e-year period, while investing CAD $1,500,000 in mineral exploration on the
Properties. Combined with its other holdings of exploration reservations and ore prospecting permits, th e
addition of the Seuru Properties will bring FireFox’s total gold explorati on portfolio to more than 117,000
hectares or 1,170 square kilometers, all located in Finland.
Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the Investment
Attractiveness Index of the 2017 Fraser Institute Survey 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: 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 Private Placement 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, t he mineralization on properties nearby FireFox ’s
land packages is not necessarily indicative of mineralization on FireFox’s properties.
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