Running Fox interim CEO Meyers sells 10.5M shares

• Michael Meyers, interim CEO and president of Running Fox Resource Corp., disposed of 10.5 million common shares.
• The transaction reduced his beneficial ownership from approximately 28.6% to 9.43%, dropping below both the 20% control threshold and the 10% early warning threshold.
• Shares were sold at $0.01 per share, generating total proceeds of $105,000.
• The acquirer indicated potential future ownership reductions and possible resignation from director/officer roles depending on market conditions and company financials.
• The filing triggered early warning report requirements under National Instrument 62-104 and 62-103.

• The disposal of 10.5 million shares represents a ~19.2% reduction in total outstanding shares and a massive reduction in insider control.
• The sale price of $0.01 per share is drastically below the public market price of $12.60, suggesting a private block transaction, a related-party transfer, or a significant discount to clear a large position quickly. This extreme discount raises immediate questions about valuation fairness and potential dilution or liquidity pressure.
• Dropping below the 10% threshold removes future early warning filing requirements for market dispositions, effectively allowing the former insider to exit completely without regulatory scrutiny.
• The potential resignation of the interim CEO and president removes key management continuity at a time when the company has zero revenue and a minimal cash balance.

• Running Fox Resource Corp. operates as a resource exploration company, likely in the junior mining sector, given the industry classification and historical share price behavior.
• The company has not yet generated revenue, indicating it is in the exploration or pre-development phase.
• The market capitalization (~$689M) is heavily speculative, trading at a significant premium to tangible assets and cash on hand, typical of early-stage exploration companies betting on future resource discovery.