Firefox Gold Announces Non-brokered Private Placement

Gold Fire Fox Corp. (TSX.V: FFOX) is planning a non-brokered private placement offering up to 6.25 million units at $0.08 per unit, each with one common share and one warrant. Each warrant is exercisable to one share of common stock at $0.12 for two years. The company will seek regulatory approval before making the offering. The proceeds from the private placement will be used for general working capital and exploration activities at Mustaj√§rvi and other company projects in Finland. The company has 124.7 million shares outstanding, 14.8 million warrants, and 6.6 million stock options. The shares issued as part of the private placement will be subject to a statutory hold period of 4 months plus one day. The company expects to close the deal on or about November 30, 2022, and will pay the finder’s fees.

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