Copper Fox Metals Inc.: Copper Fox Announces Closing of Private Placement

Copper Metals Announces Closing Private Placement Nachrichten

Copper Fox Metals Inc.: Copper Fox Announces Closing of Private Placement
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Calgary, Alberta--(Newsfile Corp. - July 31, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ('Copper Fox' or the 'Company') is pleased to announce that it has closed its previously announced

Calgary, Alberta-- - Copper Fox Metals Inc. is pleased to announce that it has closed its previously announced non-brokered private placement for a total of 5,116,000 units at a price of $0.22 per Unit for aggregate gross proceeds of $1,125,520 .

In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox's 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, working capital and general corporate and administrative purposes of the Company.

Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, constituted a"Related Party Transaction" under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox relied on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5 and 5.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.

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