FireFox Gold Finalizes Non-Brokered Private Placement

FireFox Gold Corp has completed the final tranche of a non-brokered private placement, raising $6,725,400 through the issuance of 11,208,999 units at $0.60 per unit. Each unit includes one common share and half a common share purchase warrant, exercisable at $0.90 per share for three years. Post-placement, FireFox holds 49,957,066 common shares outstanding. The funds will primarily support exploration projects in Finland.

Key participants include company insiders and Agnico Eagle Mines Limited. Regulatory exemptions were applied as these insider transactions amounted to less than 25% of FireFox’s market capitalization. FireFox will also compensate finders with cash and warrants totaling $319,179 and 265,982 warrants, respectively, exercisable for three years.