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FireFox Gold Announces Non-Brokered Private Placement with Lead Order from New Strategic Investor
FireFox Gold Announces Non-Brokered Private Placement with Lead Order from New Strategic ...
About this update from Firefox Gold Corp.
[{"type":"text","content":"\n \n \n \n FireFox Gold Announces Non-Brokered Private Placement with Lead Order from New Strategic Investor\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n VANCOUVER, BC\n \n ,\n \n April 8, 2021\n \n /CNW/ - FireFox Gold Corp. (TSXV: FFOX) (\"FireFox\" or the \"Company\") announces that it intends to raise up to\n \n $2,000,000\n \n by way of a non-brokered private placement (the \"Private Placement\"). The Private Placement will consist of up to 11,111,111 units of the Company (\"Units\") at a price of\n \n $0.18\n \n 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\n \n $0.27\n \n per Warrant Share for a term of two years following the closing of the Offering.\n \n \n Tin International AG, a subsidiary of the Deutsche Rohstoff Group, will take part in the financing as a lead order, subscribing for approximately 3,333,333 Units or\n \n $600,000\n \n . Deutsche Rohstoff is a German natural resource holding company specializing in oil and gas in\n \n the United States\n \n as well as investment in gold and strategic metals. Upon closing of the Private Placement, Tin International AG is expected to own approximately 3.6% of the issued and outstanding shares of FireFox.\n \n \n Carl Löfberg, FireFox's President and CEO, commented, \"\n \n We are very pleased to add a quality strategic corporate investor to our shareholder registry, which already includes several very strong institutional gold investors. Together, we continue to execute on our strategy in Lapland, securing a vast land package and continually advancing our projects towards discovery.\"\n \n \n \n The proceeds of the Private Placement will be used for general working capital and exploration ac...