VANCOUVER, BC / ACCESSWIRE / August 26, 2024 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) ('FireFox' or the 'Company') announces, effective August 23, 2024 that, subject to regulatory acceptance, it has
VANCOUVER, BC / ACCESSWIRE / August 26, 2024 / FireFox Gold Corp. announces, effective August 23, 2024 that, subject to regulatory acceptance, it has completed the second and final tranche of the non-brokered private placement announced on June 19, 2024.
The Company intends to use the proceeds of the Private Placement for mineral exploration and related expenditures on FireFox's Mustajärvi, Jeesiö, and Sarvi projects in northern Finland and general working capital. The placement to these insiders constitutes a"related party transaction" within the meaning of Multilateral Instrument 61- 101 - Protection of Minority Security Holders in Special Transactions and TSXV Policy 5.9 -- Protection of Minority Security Holders in Special Transactions. In connection with this related party transaction, the Company is relying on the formal valuation and minority approval exemptions of 5.5 and 5.
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. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.
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