Fox Tungsten Ltd. Closes “Bought Deal” Private Placement for Gross Proceeds of $12.7 Million

Led by

Adam Kline

Partner

Toronto

Team Members

• Brandon Meyer
• Wendy Wang
• Kathryn Walker

On April 23, 2026, Fox Tungsten Ltd. (the “Company”) announced the completion its bought deal private placement offering: (i) 6,100,000 units of the Corporation (the “Hard Units”) at an issue price of $0.165 per Hard Unit; and (ii) 48,875,000 charity flow-through units of the Corporation (the “Charity FT Units”) at an issue price of $0.24 per Charity  FT Unit, including the full exercise of the underwriter’s over-allotment option of 6,875,000 Charity FT Units, for aggregate gross proceeds of $12,736,500 (the “Offering”).

The Offering was led by Stifel Canada, as lead underwriter and sole bookrunner, together with a syndicate of underwriters including PowerOne Capital Markets Limited and Canaccord Genuity Corp.  

Miller Thomson advised the underwriters with a team comprised of Adam Kline, Brandon Meyer and Wendy Wang (Capital Markets/Securities), Kathryn Walker (Tax), along with the assistance of Kobi Rosoph and Jacqueline Rintjema (Articling Students).