21:36:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 73,762,541
Close 2014-10-01 C$ 0.49
Market Cap C$ 36,143,645
Recent Sedar Documents

Falco prices offering, increases it to $10-million

2014-10-02 12:27 ET - News Release

Mr. Dean Linden reports

FALCO PRICES C$10 MILLION EQUITY FINANCING

In connection with Falco Resources Ltd.'s previously announced marketed offering of flow-through shares and common shares, the company has agreed with a syndicate of agents led by Scotia Capital Inc. to offer 5,555,600 common shares at a price of 45 cents per common share and 14,423,100 flow-through shares at a price of 52 cents per flow-through share for aggregate gross proceeds of approximately $10-million.

Net proceeds from the offering will be used to advance Falco's Horne 5 project and for further exploration at Falco's Rouyn-Noranda properties, as well as for general working capital purposes. Proceeds raised from the sale of flow-through shares will be used by Falco to finance qualified Canadian exploration expenditures on its Canadian resource properties.

The offering is subject to customary conditions and receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The offering will take place by way of a private placement, to qualified investors in such provinces of Canada as the agents may designate and otherwise in those jurisdictions where the offering can lawfully be made, including but not limited to the United States (with respect to the common shares only) under applicable private placement exemptions.

We seek Safe Harbor.

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