FireFox Gold (TSXV:FFOX) announces $500,000 private placement

FireFox Gold (FFOX) has announced a non-brokered private placement for gross proceeds of up to $500,000The company will issue up to 6,250,000 units at $0.08 per unitThe net proceeds from the offering will be used to fund drilling on the Mustajärvi project and exploration activities on other gold exploration properties in FinlandFireFox Gold Corp is a gold discovery companyFirefox Gold Corp. opened at $0.095 per share

FireFox Gold (FFOX) has announced a non-brokered private placement for gross proceeds of up to $500,000.

The company will issue up to 6,250,000 units at $0.08 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant may be exercised to acquire one additional common share for a term of two years following the closing of the offering.

The shares issued will be subject to a statutory four-month hold period.

FireFox expects to complete the second tranche on or about November 30, 2022.

The net proceeds from the offering will be used to fund drilling on the Mustajärvi project and exploration activities on other gold exploration properties in Finland.

FireFox Gold Corp is a gold discovery company engaged in the exploration and development of gold properties in Finland.

Firefox Gold Corp. opened at $0.095 per share.

The post FireFox Gold (TSXV:FFOX) announces $500,000 private placement appeared first on The Market Herald.

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