Firefox Gold - Home
Summary
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICESVANCOUVER, BC (August 26, 2024) FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) (FireFox or the Company) announces, effective August 23, 2024 that, subject to regulatory acceptance, it has completed the second and final tranche of the non-brokered private placement (the Private Placement) announced on June 19, 2024.FireFox has raised gross proceeds of $1,395,250 by issuing 27,905,000 units of the Company at a purchase price of $0.05 per unit. 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.Certain directors and officers of the Company purchased a total of 1,350,000 units. In connection with this related party transaction, the Company is relying on the formal valuation and minority 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 Companys market capitalization.Of special note is that new investors in FireFox purchased 57% of this offering totaling 15,870,000 units.FireFox will pay to qualified finders $19,950 in cash finders fees and will issue 399,000 finders warrants exercisable at $0.08 for 3 years from the date of issuance.FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. 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 Companys website and profile on the SEDAR+ website at www.sedarplus.com.On behalf of the Board of Directors,FireFox Gold Corp.Email: This email address is being protected from spambots. Factors that could cause such differences include: 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 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 2024.