Firefox Gold Announces Non-Brokered Private Placement and Completion of Shares for Services Transaction

FireFox Gold Corp. (TSX.V:FFOX, OTCQB:FFOXF) revealed plans to secure up to $2,000,000 through a non-brokered private placement. This financing will include up to 40 million units priced at $0.05 per unit. Each unit comprises one common share and one full common share purchase warrant. Warrants are exercisable at $0.08 over three years.

The raised funds will support mineral exploration at the Mustajärvi, Jeesiö, and Sarvi projects in northern Finland and general working capital. Prior to this announcement, FireFox had 175.4 million shares, 57.1 million warrants, and 15.7 million options outstanding. Shares from this placement will have a statutory hold period of four months plus one day.

Additionally, FireFox completed an issuance of 490,851 common shares to Agentis Capital Mining Partners for advisory services, valuing each share at $0.08. These shares are also under a four-month hold period, expiring on September 28, 2024. The TSX Venture Exchange has given final acceptance for this arrangement.