Copper Fox Announces Acceleration of Warrant Expiry Date
Rhea-AI Summary
Copper Fox Metals (OTCQX: CPFXF) has announced the acceleration of the expiry date for outstanding common share purchase warrants issued on February 28, 2025. The company is exercising this right after the 15-day volume weighted average price of its common shares exceeded $0.30 on the TSXV.
Warrant holders must exercise their warrants by October 14, 2025, at 5:00 p.m. (Calgary Time). If all warrants are exercised, Copper Fox expects to receive proceeds of approximately $914,635, which will be used for exploration work on its wholly-owned projects and working capital purposes.
Positive
- Potential to raise $914,635 in additional capital through warrant exercise
- Stock price performance exceeded acceleration threshold of $0.29
- Funds will support exploration work and working capital needs
Negative
- Early warrant expiration may force warrant holders to make investment decisions sooner than expected
- Potential increase in share supply if all warrants are exercised
News Market Reaction
On the day this news was published, CPFXF declined 6.94%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - September 19, 2025) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the "Warrants") issued on February 28, 2025, pursuant to the Company's non-brokered private placement (the "Offering").
Pursuant to the terms of the Warrants, the Company may accelerate the expiry of the Warrants if the 15-day volume weighted average price of the common shares of the Company (the "Common Shares") listed on the TSX Venture Exchange (the "TSXV") is above
On September 12, 2025, the 15-day volume weighted average price of the Common Shares on the TSXV was in excess of
Holders may exercise the Warrants before 5:00 p.m. (Calgary time) on October 14, 2025 by: (i) duly completing the Warrant exercise form attached as Exhibit A to the Warrant certificate and delivering same to the Company at Copper Fox Metals Inc., Suite 650, 340 - 12th Avenue SW, Calgary, Alberta, T2R 1L5 (Attention: Elmer Stewart) and (ii) delivering a certified cheque or money order in Canadian funds to or to the order of the Company in an amount equal to the purchase price for the Common Shares subscribed for under the Warrant certificate.
Assuming all the Warrants are exercised, the Company will receive proceeds of approximately
About Copper Fox
Copper Fox is a Canadian resource company focused on copper exploration and development in Canada and the United States. The assets of Copper Fox and its wholly owned subsidiaries being Northern Fox Copper Inc. and Desert Fox Copper Inc. include the
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact:
Lynn Ball at 1-844-464-2820; 1-403-264-2820; investor@copperfoxmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: acceleration dates of the Warrants and the potential proceeds from any such Warrant exercises.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: some or all of the Warrant holders will exercise their Warrants. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267079
FAQ
When is the accelerated expiry date for Copper Fox (CPFXF) warrants?
How much money will Copper Fox (CPFXF) raise if all warrants are exercised?
What triggered the warrant acceleration for Copper Fox (CPFXF)?
How will Copper Fox (CPFXF) use the proceeds from the warrant exercise?
What is the process for exercising Copper Fox (CPFXF) warrants?
