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Falcon Gold Corp (2)
Symbol FG
Shares Issued 57,950,184
Close 2019-12-05 C$ 0.03
Recent Sedar Documents

Falcon Gold closes private placement for $104,250

2019-12-06 18:42 ET - News Release

Mr. Karim Rayani reports

FALCON CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

Falcon Gold Corp. has closed its previously announced ($100,000) private placement financing for $104,250 priced at five cents per (flow-through) common share unit. A total of 2,085,000 share units are being issued with each unit consisting of one (flow-through) common share and one-half (non-flow-through) share purchase warrant. Each warrant has a term of 24 months commencing on the closing date, and two warrants entitle the holder to purchase one (non-flow-through) common share at a price of 7.5 cents during the term of the warrant.

Proceeds from the financing shall be used to incur Canadian exploration expenses (within the meaning of the Canadian Income Tax Act), pursuant to exploration activities on its Ontario projects, focused on the Central Canada gold and copper projects in Atikokan.

The shares issued are subject to a four-month hold period expiring in April, 2020.

About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on generating, acquiring and exploring opportunities in the Americas. Its Ontario, Canada, projects include: the Central Canada gold and copper projects in Atikokan; the Bruce and Camping lake projects in Red lake; the Wabunk Bay base metal project in Red Lake; and an interest in the Burton gold property located near Sudbury.

We seek Safe Harbor.

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