Copper Fox Announces $1.5M Private Placement

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Copper Fox Metals Inc. (CUU.V) announced that it intends to complete a non-brokered private placement to raise up to $1,500,000, consisting of 1,764,706 units at a purchase price of $0.85 per unit.

Ernesto Echavarria, a Director, insider and control person of Copper Fox as defined by the policies of the TSX Venture Exchange, has committed to participating in 100% of the offering.

Monies raised will be used to fund costs associated with the Environmental Assessment Application process, the Schaft Creek Feasibility Study and general operating expenses.

CUU shares gained three cents to $0.88 on volume of more than 500,000.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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