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FireFox Gold Corp. reports company developments tied to gold exploration in northern Finland. The company trades on the TSX Venture Exchange as FFOX and on the OTCQB as FFOXF, and has explored a portfolio of Finnish gold properties since 2017.
Recurring news centers on diamond drilling, assay results, step-out and infill work, and target testing at the 100%-held Mustajärvi Gold Project in Lapland, including the East and Northeast zones. Updates also cover reconnaissance drilling at the 100%-held Sarvi project, exploration activity at the Kolho Property under an earn-in arrangement operated by an Agnico Eagle subsidiary, mining conference presentations, and board-level governance changes.
FireFox Gold Corp. (TSX.V:FFOX) (OTCQB:FFOXF) announced a non-brokered private placement aiming to raise up to $2,000,000. The placement involves issuing up to 40 million units at $0.05 per unit. Each unit includes one common share and one common share purchase warrant, exercisable at $0.08 per share for three years. Proceeds will fund exploration projects in Finland and general working capital. As of now, FireFox has 175.4 million shares, 57.1 million warrants, and 15.7 million options outstanding. The private placement is expected to close by July 12, 2024, with a four-month hold period for issued shares. Additionally, FireFox completed a shares-for-services transaction, issuing 490,851 common shares at $0.08 each to Agentis Capital Mining Partners for advisory services, valued at $39,268.08. These shares also have a four-month hold period, expiring on September 28, 2024.
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