Core Points - Copper Fox Metals Inc. plans to raise up to $1,000,000 through a non-brokered private placement, subject to TSX Venture Exchange approval [1] - The offering will consist of up to 4,545,455 units priced at $0.22 each, with each unit including one common share and one-half warrant [1][2] - The warrants will have a two-year term, with an exercise price of $0.26 in the first year and $0.32 in the second year [2] Offering Details - The offering is available to existing shareholders as of June 18, 2024, and other accredited investors under various prospectus exemptions [3] - Subscribers using the Existing Security Holder Exemption must meet specific criteria, including a maximum purchase limit of $15,000 unless they receive suitability advice from a registered investment dealer [4] - The offering is expected to close by July 31, 2024, and the net proceeds will be used for exploration and development of various projects, as well as working capital [5] Insider Participation - The offering may include subscriptions from insiders, including a minimum of 2,727,273 units from Mr. Ernesto Echavarria, a director and control person of the company [6] - Insider subscriptions may be considered a "Related Party Transaction" under TSX Venture Exchange policies, and the company intends to rely on exemptions from certain requirements [7] Company Overview - Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the U.S. [8] - The company owns several projects, including the Van Dyke oxide copper project in Arizona and the Eaglehead polymetallic copper project in British Columbia [8]
Copper Fox Announces $1,000,000 Non-Brokered Private Placement