- Falco Resources (FPC) has increased its previously announced bought-deal private placement from C$10 to $12.28 million
- Falco will use the proceeds for the development of the Horne 5 Project and for general corporate purposes
- The company expects the upsized offering to close on or about August 18, 2021
- Falco Resources is one of the largest mineral claim holders in Québec
- Falco Resources (FPC) is down by 1.25 per cent and is currently trading at $0.395 per share
Falco Resources (FPC) has increased its previously announced bought-deal private placement from C$10 to $12.28 million.
Pursuant to the upsized deal terms, and taking into account the fully exercised over-allotment option, the underwriters have agreed to purchase an additional 1,950,000 units for a total of 30,700,000 units at $0.40 per unit for aggregate gross proceeds of $12,280,000.
Each unit consists of one Falco common share and one-half of one common share purchase warrant.
Each warrant is exercisable to acquire one common share for $0.55 until July 31, 2025.
Falco will use the proceeds for the development of the Horne 5 Project and for general corporate purposes.
The company expects the upsized offering to close on or about August 18, 2021.
Falco Resources is one of the largest mineral claim holders in Québec.
Falco Resources (FPC) is down by 1.25 per cent and is currently trading at $0.395 per share as of 1:25 pm ET.
