Copper Fox announces a $2,500,000 Private Placement Unit Offering, insider commits to 100% participation

Copper Fox announces a $2,500,000 Private Placement Unit Offering, insider 
commits to 100% participation 
VANCOUVER, Feb. 22, 2013 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the 
"Company") (TSX-V: CUU) is pleased to announce that subject to the approval of 
the TSX-Venture Exchange, the Company intends to complete a non-brokered 
Private Placement to raise up to CDN $2,500,000 (the "Offering"). The Offering 
is expected to consist of 3,164,557 Units at a Purchase Price of $0.79 per 
Unit, for aggregate gross proceeds of $2,500,000. Each Unit consists of one 
common share and one common share purchase warrant of Copper Fox. Each Warrant 
entitles the holder thereof to acquire one common share of Copper Fox at an 
exercise price of $1.00 prior to 5:00 pm on the one year anniversary of 
closing of the Offering. 
Mr. Ernesto Echavarria, a Director, insider, and control person of Copper Fox 
as defined by the policies of the TSX-Venture Exchange, has committed to 100% 
participation of this Offering. 
Monies raised from the Offering will be used to fund costs associated with the 
Environmental Assessment Application, development expenses of the Companies 
Schaft Creek and Arizona projects, and general operating expenses. 
About Copper Fox
Copper Fox is a Canadian-based resource development company listed on the TSX 
Venture Exchange (TSX-V: CUU) with a corporate office in Calgary, Alberta and 
an operations office in Vancouver, British Columbia. Its major asset is the 
Schaft Creek copper, gold, molybdenum and silver deposit located in 
northwestern British Columbia, Canada for which a positive Feasibility Study 
was recently completed and filed on www.sedar.com. 
Copper Fox holds title and a 100% working interest in the Schaft Creek project 
consisting of 56,267.54 hectares (139,040 acres). Included in this total are 
the "Schedule A" mineral tenures originally conveyed to Copper Fox pursuant to 
the Teck Option Agreement, which consist of 8,334.34 hectares (20,594 
acres). The "Schedule A" mineral tenures are subject to a 3.5% Net Profits 
Interest held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by 
Liard and, together with the additional mineral tenures obtained by Copper 
Fox within the "Area of Interest" provided for in the Teck Option Agreement, 
an earn back option held by Teck. On completion of the Feasibility Study, 
Copper Fox earns Teck's 78% interest in Liard. Teck's earn back option to 
acquire either, 20%, 40% or 75%, of Copper Fox's interest in the Schaft Creek 
Project is triggered upon delivery of a "Positive Bankable Feasibility Study" 
(as defined) to Teck after which they have 120 days to make a decision. 
Should Teck elect to exercise its option for 75%, Teck is required to fund 
subsequent property expenditures up to a total of 400% of those incurred by 
Copper Fox ($85.34 million to December 31, 2012) and use its best efforts to 
arrange for project financing, including the Copper Fox portion. For full 
details of the Teck earn back option please refer to the Company's website 
www.copperfoxmetals.com. 
The remainder of Copper Fox's registered interests in mineral tenures in 
British Columbia total 47,933.19 hectares (118,445 acres). These interests 
have been acquired by Copper Fox through mineral tenure acquisitions and 
mineral tenure purchase agreements subsequent to Copper Fox entering into the 
Teck Option Agreement. Certain portions of these registered mineral tenures 
are subject to inclusion within the Schaft Creek Project pursuant to the terms 
of the "Area of Interest" provision of the Teck Option Agreement. 
Additionally the Company holds, through wholly-owned subsidiaries, mineral 
tenures located in Pinal County, Arizona (the 'Sombrero Butte Copper Project') 
and in Miami, Arizona (the 'Van Dyke BLM Claims'). For further information 
on these mining projects please refer to the Company's web site at 
www.copperfoxmetals.com. 
On behalf of the Board of Directors 
Elmer B. Stewart
President and Chief Executive Officer 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of 
the Canadian securities laws. Forward-looking information is generally 
identifiable by use of the words "believes," "may," "plans," "will," 
"anticipates," "intends," "budgets", "could", "estimates", "expects", 
"forecasts", "projects" and similar expressions, and the negative of such 
expressions. Forward-looking information in this news release includes 
statements about statements about the intention to complete a Private 
Placement in the amount of $2,500,000; use of proceeds from the intended 
Private Placement; the delivery of a "Positive Bankable Feasibility Study" (as 
defined) and the timing and exercise of "earn back options" potential 
existence and size of mineralization within the Schaft Creek project; 
estimated timing and amounts of future expenditures; geological 
interpretations and potential mineral recovery processes. 
In connection with the forward-looking information contained in this news 
release, Copper Fox has made numerous assumptions, regarding, among other 
things: the potential mineralization in the Schaft Creek deposit; the 
acceptance by Teck of the positive Feasibility Study as a "Positive Bankable 
Feasibility Study" (as defined); the commencement of the 120 day period for 
Teck to exercise its earn back rights; that expenditures have been incurred in 
accordance with the Teck Option Agreement and in Company's expected quantum; 
the geological, metallurgical, engineering, financial and economic advice that 
Copper Fox has received is reliable, and is based upon practices and 
methodologies which are consistent with industry standards. While Copper Fox 
considers these assumptions to be reasonable, these assumptions are inherently 
subject to significant uncertainties and contingencies. Additionally, there 
are known and unknown risk factors which could cause Copper Fox's actual 
results, performance or achievements to be materially different from any 
future results, performance or achievements expressed or implied by the 
forward-looking information contained herein. Known risk factors include, 
among others: the Private Placement may not close on the terms currently 
anticipated, or at all; Copper Fox may not use the proceeds from this Private 
Placement as disclosed herein; Teck may not accept that the delivery of the 
positive Feasibility Study constitutes delivery of a "Positive Bankable 
Feasibility Study" as defined pursuant to the terms of the Teck Option 
Agreement; the 120 day period that Teck has to exercise its earn back rights 
may not have commenced; the "Expenditures" may not constitute Expenditures 
as defined in the Teck Option Agreement in the quantum anticipated by Copper 
Fox, or at all; the actual mineralization in the Schaft Creek deposit may not 
be as favourable as suggested; another deposit may never be discovered on 
Copper Fox's property, or contain anticipated mineralization, or 
mineralization of any significance at all; a detailed mine plan may not be 
completed in a timely manner, or at all; the possibility that future drilling 
on the Schaft Creek project may not occur on a timely basis, or at all; 
fluctuations in copper, the completed drill holes for which analytical results 
are not available may not return significant concentrations of either copper, 
gold, molybdenum or silver; commodity prices and currency exchange rates; 
conditions in the financial markets and overall economy may continue to 
deteriorate; uncertainties relating to interpretation of drill results and the 
geology, continuity and grade of mineral deposits; uncertainty of the 
metallurgical testwork, the uncertainty of the estimates of capital and 
operating costs, recovery rates, and estimated economic return; the need to 
obtain additional financing to develop properties and uncertainty as to the 
availability and terms of future financing; the possibility of delay in 
exploration or development programs or in construction projects and 
uncertainty of meeting anticipated program milestones; uncertainty as to 
timely availability of permits and other governmental approvals. 
A more complete discussion of the risks and uncertainties facing Copper Fox is 
disclosed in Copper Fox's continuous disclosure filings with Canadian 
securities regulatory authorities at www.sedar.com. All forward-looking 
information herein is qualified in its entirety by this cautionary statement, 
and Copper Fox disclaims any obligation to revise or update any such 
forward-looking information or to publicly announce the result of any 
revisions to any of the forward-looking information contained herein to 
reflect future results, events or developments, except as required by law. 
Investor line 1-866-913-1910 or J. Michael Smith, EVP, at  1-604-689-5080. 
SOURCE: Copper Fox Metals Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/22/c7850.html 
CO: Copper Fox Metals Inc.
ST: British Columbia
NI: MNG PVT NEWSTK  
-0- Feb/22/2013 19:05 GMT
 
 
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