Mr. Karim Rayani
reports
FALCON RECEIVES TSXV APPROVAL OF DISPOSITION OF BVBL PROPERTY AND
ANNOUNCES $150,000 PRIVATE PLACEMENT
Falcon Gold Corp. has received final approval from the TSX Venture
Exchange of its previously announced disposition of the company's Baie Verte
Brompton Line (BVBL) property. Further to its news releases dated June 8, 2023, and Sept. 7, 2023, the company entered into an option agreement with Carmanah Minerals Corp., whereby the company granted Carmanah the option to earn a 100-per-cent interest in
Falcon's BVBL property. The TSX-V has informed the company that all conditions have been met
for final approval, including the filing of a National Instrument 43-101 technical report in respect
of the BVBL property, have now been satisfied.
The company also seeks to raise gross proceeds of up to $150,000 by
issuing up to six million units at a price of 2.5 cents per unit, with each unit consisting of one common
share of the company and one share purchase warrant. Each warrant
is exercisable into an additional share at a price of five cents per share for a period of two years.
The net proceeds from the private placement will be used for general working capital purposes.
The private placement is subject to the approval of the TSX-V.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.