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FireFox Gold (TSXV:FFOX) closes non-brokered private placement

Mining
TSXV:FFOX
08 July 2022 09:00 (EDT)

FireFox Gold Corp. (FFOX) has closed a non-brokered private placement for gross proceeds of $502,010.

Under the final tranche, the company issued 357,153 units for $0.14 per unit. Each unit consists of one common share and one common share purchase warrant. Each whole warrant is exercisable for one additional common share for a term of two years from the date of issuance.

The shares issued will be subject to a statutory hold period of four months.

FireFox Gold plans to use the proceeds for general corporate purposes, working capital and exploration activities on its gold exploration properties in Finland.

FireFox Gold Corp is a gold discovery company engaged in the exploration and development of gold properties in Finland.

Firefox Gold Corp. opened at $0.11 per share.

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