Based on news,

"The Offering is expected to close by August 25, 2023. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering. The net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox's 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, the $330,000 final payment for the Eaglehead project, working capital and general corporate and administrative purposes of the Company"

August 25 closing date. 
let's hope it's just EE taking funds, maybe few insiders too.....and let's try to limit this dilution. They can then have the funds to pay off district copper Inc and update the SC economics with the last 4 years of data and SC programs. 
Elmer! End this endless cycle of shareholder disappointment and sell the company!