FireFox Gold Corp Enters Debt Settlement Agreement

FireFox Gold Corp, a company listed on the TSX Venture Stock Exchange, has announced a debt settlement agreement with one of its directors. The agreement aims to settle deferred consulting fees amounting to C$142,000. This settlement involves a payment of C$70,000 in cash and the issuance of 144,000 fully paid common shares at a price of C$0.50 each. This transaction falls under the category of a "related party transaction" and is exempt from certain regulatory requirements because its value is under 25% of the company's market capitalization.

The issuance of these shares is set for a private placement and will adhere to a four-month hold period. The agreement's finalization is contingent upon the approval of the TSX Venture Exchange. This strategic move marks an important step for the company in managing its financial obligations and relationships with insiders.