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Firefox Gold Announces Completion of Shares for Debt Transaction
VANCOUVER, BC / ACCESSWIRE / July 26, 2022 / FireFox Gold Corp. ("FireFox" or the "Company")...
About this update from Firefox Gold Corp.
[{"type":"text","content":"Firefox Gold Announces Completion of Shares for Debt TransactionVANCOUVER, BC / ACCESSWIRE / July 26, 2022 / FireFox Gold Corp. (\"FireFox\" or the \"Company\") (TSXV:FFOX) announces that the Company has completed the previously announced issuance of shares in exchange for drilling services. FireFox entered into an agreement for services with Oy Kati Ab Kalajoki (\"Kati\"), an arm's length party, pursuant to which the Company has now issued common shares of the Company in full satisfaction of drilling services provided by Kati in Northern Finland (the \"Shares for Services\").The Company has received invoices from Kati for work performed to March 31, 2022 and under the Agreement has issued 1,056,997 common shares to Kati with a value of $0.15 per share in settlement of invoices totaling $158,549.The securities will be subject to a four month hold period, expiring November 19, 2022. The Shares for Services arrangement is subject to the final acceptance of the TSX Venture Exchange. Conditional acceptance for the share issuance has been granted.About FireFox Gold Corp.FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio 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 OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CONTACT:FireFox Gold Corp.Email: [email protected]: 778-938-1994Forward Looking StatementsThe information in this news release contains forward looking state...