Arctic Fox Announces Non-Brokered Private Placement

Executive Summary

• Arctic Fox Lithium Corp. announced a non‑brokered private placement of up to 12,500,000 units at $0.24 per unit, targeting gross proceeds of up to $3 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at $0.315 for 24 months.
• Net proceeds will be used for general working and administrative capital, offering costs, and exploration expenditures on the Shipshaw Property and other mineral assets.

Key Details

• Units Offered: Up to 12,500,000 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.24.
• Gross Proceeds Target: Up to $3,000,000.
• Warrant Terms: Right to acquire one additional share at $0.315 per share; exercisable for 24 months from issuance.
• Offering Structure:
• Private placement in all Canadian provinces under prospectus exemptions.
• Offered to U.S. persons via exemptions under the U.S. Securities Act (no registration).
• Offered outside Canada and the U.S. on a private‑placement basis, no prospectus required.
• Holding Period: Units sold to Canadian investors subject to a four‑month + one‑day hold period; units sold to non‑Canadian investors not expected to have this restriction.
• Use of Proceeds: General working and administrative capital, costs related to the offering, and exploration expenditures on the Shipshaw Property and other mineral properties.
• Finder’s Fees: May be payable in connection with the offering.

Notable Quotes

• Kirby Renton, Director, President and CEO: “The net proceeds from this private placement will support our ongoing exploration programs and provide the necessary capital to advance the Shipshaw Property and other strategic assets.”