- FireFox Gold (OTCQB:FFOXF) said Wednesday it intends to raise up to $2 million via a non-brokered private placement.
- The company will offer up to 40 million units at a price of $0.05 per unit.
- Each unit will consist of one common share and one full common share purchase warrant.
- Each whole warrant will be exercisable to acquire one common share of the company at $0.08 per warrant share for a term of three years following the closing of the offering.
- The proceeds of the private placement will be used for mineral exploration and related expenditures on Mustajärvi, Jeesiö, and Sarvi projects in northern Finland and general working capital.
- Press Release.
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