05:54:40 EST Sun 03 Nov 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Arctic Fox Lithium Corp
Symbol AFX
Shares Issued 58,882,381
Close 2024-03-25 C$ 0.02
Market Cap C$ 1,177,648
Recent Sedar Documents

Arctic Fox closes $85,000 first tranche of financing

2024-03-26 16:37 ET - News Release

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.

© 2024 Canjex Publishing Ltd. All rights reserved.