FireFox Gold Corp. (TSX.V: FFOX) (OTCQB: FFOXF) announced it has increased its previously announced private placement to $7.1 million due to investor demand. The company will issue 11,833,333 units at $0.60 per unit, up from the original offering announced May 15.

Each unit consists of one common share and half of one warrant. The warrants are exercisable at $0.90 per share and expire three years from closing. The offering is expected to close June 9, 2026, subject to TSX Venture Exchange approval and other regulatory approvals.

The proceeds will fund drilling programs at the Mustajärvi Project and a return to drilling at the Sarvi project, along with exploration work, working capital and general corporate purposes. The company plans to continue its current drill program through winter.

Shares, warrants and warrant shares will be subject to a four-month-plus-one-day hold period from closing. The company expects to pay finder's fees to certain parties based on units sold to subscribers they introduce.

Company insiders, including certain directors, are expected to participate in the offering. This constitutes a related party transaction under Multilateral Instrument 61-101, though the company intends to rely on exemptions from formal valuation and minority approval requirements.

FireFox Gold has been exploring for gold in Finland since 2017 and maintains a portfolio of prospective ground in the country. The Vancouver-based company is led by Finland-based CEO Carl Löfberg and technical team.