Mr. Harry Chew
reports
ARCTIC FOX LITHIUM CORP. CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS
Arctic Fox Lithium Corp. has closed the first tranche of a non-brokered private placement. In connection with the first tranche, the company issued 2,833,333 units at a price of three cents per unit for aggregate gross proceeds of $85,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share of the company at a price of six cents for up to 24 months.
It is anticipated that the proceeds from the private placement will be used for general working capital purposes.
All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period.
About Arctic Fox Lithium Corp.
Established in Vancouver, B.C., Arctic Fox
is a
Canadian
junior mining exploration company
founded by an experienced management team to assess and grow its portfolio into a leading company in lithium and
rare earth elements. Through targeted exploration and intentional research, Arctic Fox is bringing a trustworthy lens to the development
of sought-after resources from multiple projects in Canada, focusing on properties in the mining-friendly province of Quebec.
We seek Safe Harbor.
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