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FireFox Gold Announces C$500,000 Non-Brokered Private Placement
VANCOUVER, BC, June 11, 2020 /CNW/ - FireFox Gold Corp. ("FireFox" or the "Company") announces that it intends to raise up to $500,000 by way of a non-brokered
About this update from Firefox Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, June 11, 2020 /CNW/ - FireFox Gold Corp. (\"FireFox\" or the \"Company\") announces that it intends to raise up to $500,000 by way of a non-brokered private placement (the \"Private Placement\"). The Private Placement will consist of up to 5,000,000 units of the Company (\"Units\") at a price of $0.10 per Unit. Each Unit will consist of one common share of the Company (\"Common Share\") and one-half of one common share purchase warrant (\"Warrant\"), with each whole Warrant being exercisable to acquire one common share of the Company (a \"Warrant Share\") at an exercise price of $0.12 per Warrant Share for a term of two years following the closing of the Offering. It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox's gold exploration properties in Finland. Prior to this financing, FireFox has 48.8 million shares outstanding, 21.2 million warrants, and 3.5 million stock options issued. 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 anticipates that the Private Placement will close on or about June 26, 2020. The Company may pay finder's fees to qualified finders in association with a portion of this financing. 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 150,000 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 Löfberg\"Chief Executive Officer Forward Looking Statements The information herein contains f...