FireFox Gold Corp. (TSXV: FFOX) (OTCQB: FFOXF) completed the first tranche of its non-brokered private placement, raising gross proceeds of $4,730,700. The company issued 7,884,499 units at $0.60 per unit.

Each unit consists of one common share and half of one warrant. The warrants are exercisable at $0.90 per share for three years from issuance. The shares are subject to a four-month-plus-one-day statutory hold period under Canadian securities legislation.

FireFox plans to complete the second and final tranche on or about June 18, 2026, with estimated total gross proceeds of $6.745 million for the complete offering. The company intends to use proceeds for mineral exploration and related expenditures on its northern Finland projects and general working capital.

Company directors and officers purchased 1,085,000 units in the first tranche, constituting a related party transaction under TSX Venture Exchange policies. The company relied on exemptions from formal valuation and minority shareholder approval requirements as the transaction value did not exceed 25% of its market capitalization.

FireFox paid $153,682 in finder's fees and issued 256,136 finder's warrants exercisable at $0.90 for three years. Additional insiders are expected to participate in the second tranche.

The private placement completion remains subject to final approval from the TSX Venture Exchange. FireFox Gold explores for gold in Finland and has been operating in the country since 2017.