2023-08-08 06:41:35 ET
- FireFox Gold Corp ( OTCQB:FFOXF ) on Tuesday said it intends to raise up to $1.4M by way of a non-brokered private placement.
- The private placement will consist of up to 20,000,000 units of the company at a price of $0.07 per unit.
- Each unit will consist of one common share of the company and one common share purchase warrant, with each whole warrant being exercisable to acquire one common share of the company at an exercise price of $0.10 per Warrant Share for a term of two years following the closing of the offering.
- The proceeds of the private placement will be used for the upcoming drilling program on FireFox's Mustajärvi project, general working capital, and other exploration activities on the company's other gold exploration properties in Finland.
- Prior to this financing, FireFox had 147.8 million shares outstanding, 38.3 million warrants outstanding, and 11.3 million stock options issued.
- FFOX anticipates that the private placement will close on or about August 25, 2023.
- Source: Press Release
For further details see:
FireFox Gold announces non-brokered private placement