Copper Fox Announces Upsize to Non-Brokered Private Placement

About this update from Copper Fox Metals Inc.

[{"type":"text","content":"Copper Fox Announces Upsize to Non-Brokered Private PlacementCalgary, Alberta--(Newsfile Corp. - June 26, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (FSE: HPU) (\"Copper Fox\" or the \"Company\") is pleased to announce that, due to shareholder interest its previously announced non-brokered private placement of up to $1,000,000 has been increased to up to $1,125,000 (the \"Offering\") and is fully subscribed. The upsized Offering will consist of up to 5,113,637 units (each a \"Unit\") at a price of $0.22 per Unit. Each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and one-half (1/2) common share purchase warrant (a \"Warrant\"). Each whole Warrant will entitle the holder to purchase one Common Share for a two-year term, for an exercise price of $0.26 during the first 12-month period after the closing of the Offering and $0.32 during the subsequent 12-month period after the closing of the Offering. In the event the weighted average price of the common shares listed on the TSX Venture Exchange is above $0.30 in the first 12-month period, or $0.35 during the subsequent 12-month period after the closing of the Offering, for a period of 15 consecutive trading days, the expiry date of the Warrants may be accelerated, in whole or in part at the discretion of the Company, to any date or dates, as the case may be, that is 30 days after the first date such threshold is met.In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox's 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, working capital and general corporate and administrative purposes of the Company.About Copper FoxCopper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 100% ownership of the Van Dyke oxide copper project located in Miami, AZ, the 100% interest in the Mineral Mountain and Sombrero Butte porphyry copper exploration projects locat...

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