http://ca.finance.yahoo.com/news/copper-fox-announces-closing-1-175800760.html

VANCOUVER, Jan. 22, 2013 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSXV:CUU.V - News) is pleased to announce the closing of a financing by an insider for proceeds of $1,500,000 (the "Financing").

The Financing consisted of the issuance of 1,764,706 units at a purchase price of $0.85 per unit, for aggregate net proceeds of $1,500,000. Each unit consists of one common share of Copper Fox 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 CDN $1.00 prior to 5:00 PM January 22, 2014.

Monies raised from the Offering will be used to fund costs associated with the Environmental Assessment Application and general operating expenses.

In accordance with applicable securities legislation, securities issued pursuant to the Financing are subject to a hold period of four months plus one day from the date of completing the Financing.

No fees or commissions were paid as part of this transaction.