Firefox Gold closes $6.7M private placement final tranche

FireFox Gold Corp. (TSXV: FFOX)(OTCQB: FFOXF) completed the second and final tranche of a non-brokered private placement on June 22, 2026, raising gross proceeds of $6,725,400, according to a press release statement.

The company issued 11,208,999 units at $0.60 per unit. Each unit consists of one common share and one half of one common share purchase warrant, with each whole warrant exercisable at $0.90 per share for three years from the date of issuance. Following the placement, FireFox has 49,957,066 common shares issued and outstanding.

The shares are subject to a statutory hold period of four months plus one day from the date of issuance. FireFox intends to use the proceeds for mineral exploration on its Mustajärvi, Jeesiö, and Sarvi projects in northern Finland, as well as general working capital.

Certain directors and officers purchased a total of 2,910,000 units. Agnico Eagle Mines Limited exercised its participation right and acquired 1,825,000 units. The company classified these insider transactions as related party transactions under Multilateral Instrument 61-101, relying on applicable exemptions from formal valuation and minority shareholder approval requirements.

FireFox will pay $319,179 in cash fees and issue 265,982 finders' warrants, exercisable at $0.90 for three years, to qualified finders.

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