- FireFox Gold (FFOX) has completed the first tranche of its non-brokered private placement for gross proceeds of $486,000
- Under the first tranche, FIreFox issued 4,860,000 units for $0.10 per unit
- The net proceeds from the offering will be used to fund drilling on the Mustajärvi project and exploration activities on other gold exploration properties in Finland
- FireFox Gold Corp is a gold discovery company
- Firefox Gold Corp. opened at $0.095 per share
FireFox Gold (FFOX) has completed the first tranche of its previously-announced non-brokered private placement for gross proceeds of $486,000.
Under the first tranche, FIreFox issued 4,860,000 units for $0.10 per unit. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant is exercisable to acquire one additional common share at a price of $0.18 for a term of two years.
The shares issued will be subject to a statutory four-month hold period.
FireFox expects to complete the second tranche on or about October 21, 2022.
The net proceeds from the offering will be used to fund drilling on the Mustajärvi project and exploration activities on other gold exploration properties in Finland.
FireFox will pay $1,800 in cash finder’s fees and issue 18,000 finders warrants in association with the first tranche of the private placement.
FireFox Gold Corp is a gold discovery company engaged in the exploration and development of gold properties in Finland.
Firefox Gold Corp. opened at $0.095 per share.
