FireFox Gold secures $5.1M to accelerate Finnish gold exploration
FireFox Gold Corp. has announced a private placement to raise up to $5.1 million. The Canadian company, which explores for gold in Finland, plans to use the funds for drilling and other exploration work across its projects. The non-brokered offering will include up to 8.5 million units, priced at $0.60 each. Every unit consists of one common share and half a warrant, with each full warrant exercisable at $0.90 over three years.
The company expects to close the deal on or around June 3, 2026, pending approval from the TSX Venture Exchange. Certain directors and insiders will participate in the offering, while finder’s fees in cash and warrants may also be paid to third parties. Proceeds will primarily fund a major drill programme at the Mustajärvi Project, exploration at the Sarvi Project, and general working capital. Shares, warrants, and warrant shares issued will be subject to a four-month-and-one-day statutory hold period from the closing date. FireFox Gold has been active in Finland since 2017 and holds a large portfolio of prospective land. Its shares trade on the TSX Venture Exchange under the symbol FFOX and on the US OTCQB Venture Market as FFOXF.
The funds raised will support FireFox Gold’s exploration efforts in Finland. Drilling at key projects and general corporate activities are set to begin once regulatory approvals are secured and the offering completes.
