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Arctic Fox Lithium Closes Private Placement and Debt Settlement and Upsizes Private Placement
VANCOUVER, BRITISH COLUMBIA (December 12, 2025) – TheNewswire - Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (“Arctic Fox” or, the “Company”) announces it has
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA (December 12, 2025) – TheNewswire - Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (“Arctic Fox” or, the “Company”) announces it has closed its non-brokered private placement (the “Private Placement”) of 1,800,000 units (each, a “Unit”) at a price of CAD $0.10 per Unit for gross proceeds of CAD $180,000 (the “First Tranche”). Under the First Tranche, each Unit consisted of one common share (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at a price of CAD$0.12 for a period of 24 months from the date of issuance. The proceeds from the First Tranche will be used for general working capital purposes. All securities issued pursuant to the First Tranche are subject to a hold period of four (4) months plus one (1) day in accordance with applicable securities laws. No finder’s fees were paid in connection with the First Tranche. The Company also announced that due to strong demand, it has upsized the Private Placement for aggregate gross proceeds of up to $500,000 in Units. Each Unit will consist of one Share and one Warrant, on the same terms as the First Tranche. Share Consolidation Further to the Company’s press release dated November 13, 2025 it has completed the consolidation of its issued and outstanding common shares (the “Shares”) on the basis of one (1) new common share for every ten (10) existing common shares (the “Consolidation”). The Company believes the Consolidation will help position the Company to appeal to a broader base of investors and enhance its capital markets profile. Trading on a post-consolidated basis began on November 18 2025 with the name and ticker symbol remaining unchanged. Debt Settlement The Company further announces it has settled its outstanding debts owed to certain arm’s length creditors (the “Creditors”) totaling an aggregate of CAD $349,935 (the “Debt Settlement”). Pursuant to the settlement agreements entered into with each of the creditors, the Company issued an aggregate of 3,499,349 common shares (“Debt Settlement Shares”) at a deemed price of CAD $0.10 per Debt Settlement Share. The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital. The issuance of an aggrega...