Fox River announces non-brokered private placement
Published by Emilie Grant,
Editorial Assistant
World Fertilizer,
Fox River Resources Corp. has announced a non-brokered private placement for aggregate gross proceeds of up to $3 000 000 through the sale of up to 7 500 000 common shares at a price of $0.40 per common share. The company reserves the right to increase the offering by up to an additional $330 000 through the sale of up to 825 000 additional common shares to accommodate the participation right of a strategic investor . If increased, the aggregate gross proceeds of the Offering will be up to approximately $3 330 000.
The proceeds will be used to advance Fox River’s Martison Phosphate Project in Ontario, working capital and for general corporate purposes. Any common shares issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the US. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the US Securities Act) or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Read the article online at: https://www.worldfertilizer.com/project-news/29112024/fox-river-announces-non-brokered-private-placement/
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