Copper Fox Raises $1.5 Million in Private Placement

Copper Fox Metals Inc. has successfully completed a non-brokered private placement, raising up to $1,500,000 through the sale of 7,317,073 units, each consisting of one common share and one-half warrant. The funds will be directed towards exploration and development activities on their copper projects, including the Van Dyke and Eaglehead projects, as well as general corporate purposes. The warrants allow for the purchase of additional shares at specified prices over a two-year term, with provisions for acceleration based on share price performance. In a related development, CopperEx Resources Corp. is pursuing a private placement aimed at raising C$1.5 million for exploration in Chile and Peru, offering units at a price of $0.05625 each. Each unit will consist of one common share and one warrant, with similar terms regarding exercise and hold periods. These fundraising efforts highlight the continued interest and investment in copper exploration amid growing demand for the metal.