Running Fox Resource Corp. TSX-V "RUN" , OTC "RFXRF", Frankfurt "C8Q"
Thursday August 14, 2008
Completion of Private Placement Financing at $0.40 for 550,000 Units
Wayne Waters, on behalf of the Board of Directors reports:
Running Fox is a Canadian growth-oriented small cap company with revenues from oilfield services and it also owns oil and gas, uranium, and high grade gold projects. First nine month revenues were $3.568 Million from oilfield services and from natural gas production and sales.
Running Fox has closed a small private placement financing of 550,000Units at $0.40 per unit, to members of the management of the Company and to a few key associates following Running Fox's acquisition of Accurate Technologies (Wireline Well Logging and Perforations).
The Units are priced at 40 cents for a share and a warrant, exercisable at 40 cents in the first year and 50 cents in the second year. The TSX Venture Exchange has approved the financing.
The shares and warrants are not flow-through shares, and no commissions were paid.
On behalf of the Board of Directors: Wayne Waters, Running Fox Resource Corp.
403 742 0527
www.foxgold.ca
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
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Running Fox Resource Corp.
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PRODUCER |
CODE : RUN.V |
ISIN : CA7815861025 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Running Fox is a gold exploration company based in Canada. Running Fox produces gold, natural gas and oil in Canada, and holds various exploration projects in Canada. Its main asset in production is PINCHER CREEK in Canada and its main exploration properties are BRETT and NEW MEXICO PROJECT in Canada. Running Fox is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.1 millions as of today (US$ 822 566, € 749 193). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.30, and its lowest recent point on August 09, 2019 at CA$ 0.01. Running Fox has 54 770 548 shares outstanding. |