Stockwatch

Falcon Gold Corp (2)
Symbol	FG
Shares Issued	129,964,694
Close 2023-12-20	C$ 0.035
Market Cap	C$ 4,548,764
Recent Sedar+ Documents

Falcon Gold obtains 30-day extension to close placement

2023-12-20 19:18 ET - News Release

Subject: FW: Falcon Gold Corp. (TSXV:FG) PDF Document File: Attachment 23-12-20 FG News Release - Private Placement Extension 2.pdf FALCON GOLD CORP. Suite 1100 1111 Melville St. Vancouver, BC, V6E 3V6 VANCOUVER TEL: (604) 716-1036 TORONTO TEL: (416) 477-1220 www.falcongold.ca info@falcongold.ca NEWS RELEASE FG: TSX-V 3FA: GR FGLDF: OTCQB FALCON ANNOUNCES EXTENSION AND FIRST TRANCHE CLOSING OF NON- BROKERED PRIVATE PLACEMENT Vancouver, BC, December 20, 2023. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that it has received a 30-day extension from the TSX Venture Exchange (the "TSXV") to complete its non-brokered private placement of up to 10,000,000 units (the "Units") at $0.03 per Unit for gross proceeds of up to $300,000, as previously announced on October 17, 2023 and November 9, 2023 (the "Private Placement"). The Company also announces that it is amending the terms of the Private Placement. Pursuant to the amended terms, the expiry date of the Warrants (as defined below) will be extended to 5 years following the date of issuance. Lastly, the Company announces that it has closed the first tranche of the Private Placement (the "First Tranche") by issuing 2,166,667 Units at $0.03 per Unit for gross proceeds of $65,000.01. Each Unit will consist of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional Share for a period of five years from the date of issuance at a price of $0.05 per Share. In connection with the First Tranche, the Company paid finder's fees consisting of $3,500 cash and 116,666 share purchase warrants (the "Broker Warrants") to an arm's-length party. Each Broker Warrant is exercisable into one Share at a price of $0.05 per Share for a period of two years from the date of issuance. The net proceeds from the Private Placement will be used for general working capital purposes. None of the proceeds from Private Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities. The Private Placement is subject to TSXV approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day hold period from the closing date. 1|Page CONTACT INFORMATION: Falcon Gold Corp. "Karim Rayani" Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: info@falcongold.ca Cautionary Language and Forward-Looking Statements This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 2|Page Word Document File: '\\swfile\EmailIn\20231220 160417 Attachment 23-12-20 FG News Release - Private Placement Extension 2.docx' 4 | Page FALCON GOLD CORP. Suite 1100 - 1111 Melville St. Vancouver, BC, V6E 3V6 VANCOUVER TEL: (604) 716-1036 TORONTO TEL: (416) 477-1220 www.falcongold.ca info@falcongold.ca NEWS RELEASE FG: TSX-V 3FA: GR FGLDF: OTCQB FALCON ANNOUNCES EXTENSION AND FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT Vancouver, BC, December 20, 2023. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that it has received a 30-day extension from the TSX Venture Exchange (the "TSXV") to complete its non-brokered private placement of up to 10,000,000 units (the "Units") at $0.03 per Unit for gross proceeds of up to $300,000, as previously announced on October 17, 2023 and November 9, 2023 (the "Private Placement"). The Company also announces that it is amending the terms of the Private Placement. Pursuant to the amended terms, the expiry date of the Warrants (as defined below) will be extended to 5 years following the date of issuance. Lastly, the Company announces that it has closed the first tranche of the Private Placement (the "First Tranche") by issuing 2,166,667 Units at $0.03 per Unit for gross proceeds of $65,000.01. Each Unit will consist of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional Share for a period of five years from the date of issuance at a price of $0.05 per Share. In connection with the First Tranche, the Company paid finder's fees consisting of $3,500 cash and 116,666 share purchase warrants (the "Broker Warrants") to an arm's-length party. Each Broker Warrant is exercisable into one Share at a price of $0.05 per Share for a period of two years from the date of issuance. The net proceeds from the Private Placement will be used for general working capital purposes. None of the proceeds from Private Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities. The Private Placement is subject to TSXV approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day hold period from the closing date. CONTACT INFORMATION: Falcon Gold Corp. "Karim Rayani" Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: info@falcongold.ca Cautionary Language and Forward-Looking Statements This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.