Royal Fox Announces Receipt of Final Approval from the TSXV

Royal Fox Gold Inc. (TSXV: HBE) (formerly Hornby Bay Mineral Exploration Ltd.) ("Royal Fox" or the "Company") is pleased to announce that further to its press release of May 21, 2021, the Company has received final approval from the TSX Venture Exchange ("TSXV") in respect of its previously announced reverse takeover transaction (the "Transaction"), which was completed on May 21, 2021.

The Final Exchange Bulletin of the TSXV in respect of the Transaction was published on May 27, 2021. Trading of the common shares of the Company will resume effective at the market open on May 31, 2021 under the symbol "FOXG", and the Company will be listed as a Tier 2 "Mining Issuer" (as such term is defined in the policies of the TSXV).

ON BEHALF OF THE BOARD OF DIRECTORS

"Simon Marcotte"
Simon Marcotte, President and Chief Executive Officer of Royal Fox Gold Inc.

For further information, please contact:

Simon Marcotte
President and Chief Executive Officer of Royal Fox Gold Inc.
Email:smarcotte@royalfoxgold.com
Telephone: (647) 801-7273
Website:www.royalfoxgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to the TSXV listing, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85555

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Omar ayales, gold bars.

Omar Ayales: Gold, Silver, Juniors Have Explosive Upside — Not Being in Trade is Top Risk

Speaking to the Investing News Network, Omar Ayales of Gold Charts R Us discussed the outlook for gold from a technical perspective, saying that he sees the metal's price potentially peaking in 2026.

Gold's past performance indicates that it could reach US$4,000 per ounce during this cycle. He sees US$2,600 as a bullish support level for gold, with deeper support existing in the US$2,200 to US$2,300 range.

However, Ayales said there's no guarantee that the yellow metal will fall that low at this point.

Keep reading...Show less
Black swan and many white swans on piles of gold coins.

Black Swans, White Swans and Trump’s Clash with the Fed

The Trump administration’s ability to reign in government spending, quash inflation and bolster the economy were the most prevalent topics during the popular economy panel at the New Orleans Investment Conference.

Moderated by Adrian Day, president Adrian Day Asset Management, this year’s discussion featured James Lavish, Jim Bianco, Dr. Mark Skousen, Brent Johnson and James Grant. The expert group began the discussion by debating the potential economic impact Donald Trump could have, highlighting contradictions in his policies.

Johnson, who is CEO of Santiago Capital, pointed out that Trump's anti-inflation stance conflicts with his push for a weak US dollar and tariffs, which Johnson likened to global rate hikes.

Keep reading...Show less
Gold bear and bull fighting over bars of gold.

Gold Price 2024 Year-End Review

Gold saw incredible price gains in 2024, rising from US$2,000 per ounce to close to US$2,800.

Various factors have lent support, including 75 basis points worth of interest rate cuts from the US Federal Reserve, geopolitical instability in Eastern Europe and the Middle East and uncertainty in global financial markets.

Of course, it wasn't all an upward climb for gold — following the US presidential election, Donald Trump emerged victorious, and the gold price experienced volatility as investors flocked to Bitcoin.

Keep reading...Show less
Marc Ducler, managing director of Astral Resources.

Astral Resources Eyes Gold Production at Mandilla Project in Western Australia

Australia-based gold explorer and developer Astral Resources (ASX:AAR) is riding the strong gold price wave as it ramps up exploration and moves toward a prefeasibility study — and ultimately production — at its flagship Mandilla project.

Managing Director Marc Ducler outlined the positive economics for Mandilla, which is in Western Australia. He said they have improved significantly since a scoping study for the project was released in September 2023.

“We were (projecting) a net present value of AU$440 million. And that's at AU$2,750 (for the gold price). You move it to the gold price today, and we have a project that has AU$1.2 billion in net present value and is capable of providing over AU$285 million worth of free cashflow every single year,” he explained.

Keep reading...Show less
Falco Resources (TSXV:FPC)

FALCO ANNOUNCES BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$5.0 MILLION

Falco Resources Ltd. ( TSXV: FPC) ("Falco" or the "Corporation") is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to act as sole agent and sole bookrunner (the "Agent"), in connection with a "best efforts" private placement for aggregate gross proceeds of up to C$5,000,000 from the sale of units of the Corporation (the "Units") at a price of C$0.25 per Unit (the "Offering").

Each Unit will consist of one common share of the Corporation (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share (each, a "Warrant Share") at a price of C$0.35 at any time on or before that date which is 60 months after the closing date of the Offering.

Keep reading...Show less

Latest Press Releases

Related News

×