Vancouver, B.C., July 9, 2021. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTC PINKS); (“Falcon” or the “Company”) has received TSX Venture Exchange approval to close its non-brokered private placement previously announced June 17th 2021 (The “Offering”). The Company has received a total of $180,000.
Falcon will issue 1,500,000 units at a purchase price of $0.12. Each unit consisting of one common share and one common share purchase warrant; each warrant entitling the holder to subscribe for and purchase one common share at a price of $0.20 for a period of 36 months following the acceptance date. The shares and warrants are subject to a four-month hold (as per TSX Venture Exchange policy).
The use of proceeds will be for continued exploration on existing properties, outstanding payables and general working capital.
A Finders’ fees in the amount of $11,700 has been paid to Kreuzfeld AG (Ltd.) in accordance with the policies of the TSX Venture Exchange.
Falcon Gold Corp.
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 20 km south east of Agnico Eagle’s Hammond Reef Gold Deposit.
The Company holds 5 additional projects. The Camping Lake Gold property and the Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property near Sudbury Ontario; and in BC, the Spitfire-Sunny Boy Gold Claims and the Gaspard property.
|Falcon Gold Corp. “Karim Rayani” Karim Rayani|
Chief Executive Officer, Director
Telephone: (604) 716-0551
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.
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.