Copper Fox Metals (TSE:CUU) has released an update.
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Copper Fox Metals Inc. has announced a plan to raise $1 million through a non-brokered private placement at $0.22 per unit, with each unit comprising a common share and a half warrant. The warrants will allow holders to buy additional shares at escalating prices over a two-year period, with an acceleration clause based on the share price performance. The offer is open to current shareholders and other investors under certain conditions, with a potential for scaling down large subscriptions in favor of smaller ones if the offer is oversubscribed.
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