Mr. Karim Rayani reports
FALCON CLOSES $460,000 PRIVATE PLACEMENT
Falcon Gold Corp. has fully subscribed its non-brokered private placement announced on June 26, 2020. The company has received a total of $460,000 in subscriptions.
The company will issue 5.75 million units, with each unit consisting of one common share at a price of eight cents and one transferable share purchase warrant at a deemed price of 12 cents per share. Each warrant has a term of 36 months following the acceptance date. This financing is subject to TSX Venture Exchange approval.
Proceeds will be used for further exploration activities at the company's Central Canada gold project and general working capital.
We seek Safe Harbor.
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