FireFox Gold Corp. announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.07 per unit for gross proceeds of CAD 1,400,000 on August 8, 2023. Each unit will consist of one common share and one common share purchase warrant, with each warrant being exercisable to acquire one common share at an exercise price of CAD 0.10 per warrant share for a term of two years following the closing of the transaction.

The shares issued pursuant to the transaction will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. The transaction is expected to close on or about August 25, 2023. The company expects to pay finders' fees in association with the transaction.