- Falcon Gold (FG) has upsized its non-brokered private placement to raise a total of $1,200,000
- The company will issue up to 7,692,307 flow-through units and 1,818,182 non-flow-through units
- The gross proceeds will be used for exploration and development of the company’s Canadian project portfolio
- Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas
- Falcon Gold Corp. (FG) opened trading at C$0.12
Falcon Gold (FG) has upsized its non-brokered private placement to raise a total of $1,200,000.
The company will issue up to 7,692,307 flow-through units and 1,818,182 non-flow-through units.
Each flow-through unit priced at $0.13 cents will consist of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow-through common share at a price of $0.25 cents for a period of 24 months following the date of issuance.
Each non-flow-through unit priced at $0.11 cents per unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for and purchase one non-flow-through common share at a price of $0.15 cents for a period of 24 months following the date of issuance.
The gross proceeds will be used for exploration and development of the company’s Canadian project portfolio.
All securities issued will be subject to a statutory four-month hold period.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.
Falcon Gold Corp. (FG) opened trading at C$0.12.
