Arctic Fox Lithium Corp. Initiates Private Placement

Arctic Fox Lithium Corp. (CSE:AFX)(FSE:O5K) has announced a non-brokered private placement. The offering involves 12,500,000 units priced at $0.24 each, potentially raising up to $3,000,000. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.315 within 24 months.

This private placement will be conducted in Canada, the U.S., and select jurisdictions abroad, adhering to local legal requirements. In Canada, a four-month hold period applies. However, this restriction is not expected for international purchasers. The proceeds will support general operations, offering-related expenses, and exploration at the Shipshaw Property, with potential finder's fees applicable.