07:04:54 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Falcon Gold Corp
Symbol FG
Shares Issued 38,635,830
Close 2014-08-20 C$ 0.14
Market Cap C$ 5,409,016
Recent Sedar Documents

Falcon Gold completes $322,900 2nd tranche of placement

2014-08-21 15:14 ET - News Release

Mr. David Tafel reports

FALCON CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

Falcon Gold Corp. has closed the second tranche of its previously announced non-brokered private placement, for 4,618,889 units (2.32 million priced at five cents per unit and 2,298,889 priced at nine cents per unit), for total gross proceeds of $322,900. Each unit consists of one common share and one two-year warrant. Each warrant of a five-cent unit will be exercisable for one common share at 10 cents during the first year and 12 cents during the second year. Each warrant of a nine-cent unit will be exercisable for one common share at 13 cents for two years. The units are subject to a four-month hold period expiring on Dec. 19, 2014. Finders' fees have been paid consisting of: $19,732 and 20,000 agents' options exercisable for common share units on the same basis as the subscribers.

The second tranche of the financing was oversubscribed by $206,900, resulting in the company raising total gross proceeds of $706,900 from the private placement. Proceeds from this financing are being used to complete the company's due diligence, as well as to plan and commence an initial exploration program on the New York Canyon copper project in Nevada (news release -- June 9, 2014), to continue exploration activities on its Washington silver project, and for general corporate purposes.

Options grant

Falcon announces that in compliance with the company's stock option plan, the board of directors has granted options for 1.6 million shares exercisable for five years at 15 cents to certain directors, officers and consultants of the company.

We seek Safe Harbor.

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