Copper Fox arranges $3-million private placement

Executive Summary

• Copper Fox Metals Inc. announced a non-brokered private placement to raise up to $3,000,000 in gross proceeds, subject to TSX Venture Exchange approval.
• The offering consists of up to 4,615,384 common shares priced at $0.65 per share, with expected closing by February 27, 2026.
• Net proceeds will be used for exploration and development of the Van Dyke, Mineral Mountain, Eaglehead, and Sombrero Butte projects, as well as working capital and general corporate purposes.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: Up to $3,000,000.
• Share Price: $0.65 per common share.
• Quantity: Up to 4,615,384 common shares.
• Exemptions: Available under accredited investor, family/close personal friends, business associates of directors/officers, and existing security holder exemptions.
• Existing Security Holder Restrictions:
  • Must be a shareholder on the record date (Feb. 4, 2026) and at closing.
  • Must purchase as principal for own account.
  • Standard limit: $15,000 per 12-month period.
  • Exception: Subscribers may exceed $15,000 if they receive suitability advice from a registered investment dealer and confirm the dealer's identity.
• Insider Participation: Director Ernesto Echavarria intends to subscribe for a minimum of 2,769,230 common shares.
• Related Party Transaction: Insider subscriptions may constitute a related party transaction under TSXV Policy 5.9. The company intends to rely on exemptions from valuation and minority security holder approval requirements under MI 61-101, as insider participation will not exceed 25% of market capitalization.
• Hold Period: Securities are subject to a hold period of four months plus one day from the completion date.
• Use of Proceeds: Advancing exploration/development on Van Dyke, Mineral Mountain, Eaglehead, and Sombrero Butte projects; working capital; and general corporate/administrative purposes.
• Closing Date: Expected by February 27, 2026.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.