FireFox Gold Upsizes Private Placement To $3.0 Million

FireFox Gold Corp. (TSXV: FFOX) announced this morning that it is increasing its outstanding non-brokered private placement to $3.0 million, or 16.7 million units. This offering comes from the company’s previously announced plan two weeks ago to offer 11.1 million units, which was originally expected to close today.

Each unit is still priced at $0.18 and is to consist of one FireFox Gold share and a half warrant. Each warrant exercisable to acquire one share at $0.27 for a period of two years following the closing of the offering. Given this upsize, the company expects to raise approximately $3.0 million through the offering, which it plans to use for working capital and gold exploration activities in Finland.

Prior to the financing, FireFox Gold had 81.8 million outstanding shares, as well as 33.2 million warrants and 6.6 million options convertible to common shares. 

The offering is expected to close April 27, 2021.

FireFox Gold Corp. last traded at $0.25 on the TSX Venture.


Information for this briefing was found via Sedar, and FireFox Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

The Golden Triangle: British Columbia’s Exploration Hotbed

In recent years mining investors have been hearing a lot about one of the world’s...

Sunday, July 19, 2020, 11:00:00 AM

Staude: Bullish On Gold, Bearish On Copper? – The Daily Dive

On today’s Daily Dive, we welcome back John-Mark Staude, CEO of Riverside Resources (TSXV: RRI)....

Wednesday, February 9, 2022, 01:30:00 PM

Exploits Begins Drill Program At Quinlan Veins Prospect

Exploits Discovery (CSE: NFLD) this morning announced that it has completed the first of its...

Tuesday, June 29, 2021, 08:36:40 AM

Great Bear Reports First Deep Drill Results For Dixie Project

Great Bear Resources (TSXV: GBR) today announced further results from its currently ongoing 2020 drill...

Monday, May 11, 2020, 05:59:08 PM

Montage Gold Intersects 301.8 Metres Of 0.60 g/t Gold, Feasibility Study To Be Released This Year

Montage Gold (TSXV: MAU) last night announced the latest infill drilling results for its Kone...

Wednesday, June 23, 2021, 07:42:46 AM