- Royal Fox Gold (FOXG) has announced a non-brokered private placement for gross proceeds of up to $500,000
- The company will issue 8,333,333 flow-through shares at a price of $0.06 per share
- Royal Fox Gold Inc. is a mineral exploration company focused on the development of the Philibert Project near Chibougamau, Québec
- Royal Fox Gold Inc. (FOXG) opened trading at C$0.05 per share
Royal Fox Gold (FOXG) has announced a non-brokered private placement for gross proceeds of up to $500,000.
The company will issue 8,333,333 flow-through shares at a price of $0.06 per share.
All securities issued will be subject to a four-month hold period.
The gross proceeds will be used to incur eligible “Canadian exploration expenses” that will qualify as “flow-through expenditures” as such terms are defined in the Income Tax Act (Canada).
The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Royal Fox Gold Inc. is a mineral exploration company focused on the development of the Philibert Project near Chibougamau, Québec.
Royal Fox Gold Inc. (FOXG) opened trading at C$0.05 per share.