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 C$0.27 per share for a term of two years from the date of issuance.
In association with this financing, subject to TSX-V acceptance, the Company will pay to qualified finders $67,533 in cash finder’s fees and will issue 312,655 finders warrants exercisable at $0.18 for 2 years from the date of issuance.
FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX.
Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies.
The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements.
Forward-looking statements in this release may include statements regarding: the expected total financing amounts, terms, and timeframe; and the current and future work program, including the extent and nature of exploration to be conducted in 2021.
NOT FOR DISTRIBUTION TO U.S.