14:04:17 EDT Wed 12 May 2021
Enter Symbol
or Name

Login ID:
Firefox Gold Corp
Symbol FFOX
Shares Issued 81,926,031
Close 2021-04-29 C$ 0.265
Recent Sedar Documents

Firefox Gold closes $3-million placement

2021-04-30 07:27 ET - News Release

Mr. Carl Lofberg reports


Effective today, subject to regulatory acceptance, Firefox Gold Corp. has completed the non-brokered private placement announced on April 8, 2021 ($2.0-million), and subsequently increased to $3.0-million on April 22, 2021.

The private placement raised total gross proceeds of $3-million by issuing 16,666,664 units at a purchase price of 18 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each whole warrant being exercisable to acquire one additional common share of the company at an exercise price of 27 cents per share for a term of two years from the date of issuance. The shares issued pursuant to the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The company intends to use the proceeds of the private placement for general corporate purposes, working capital and exploration activities on Firefox's gold exploration properties in Finland.

M Partners Inc. and other firms acted as finders in this placement. In association with this financing, subject to TSX Venture Exchange acceptance, the company will pay to qualified finders $67,533 in cash finders' fees and will issue 312,655 finders' warrants exercisable at 18 cents for two years from the date of issuance.

About Firefox Gold Corp.

The company is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 80,000 hectares of prospective ground.

We seek Safe Harbor.

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