Falcon Gold closes $180,000 private placement

Falcon Gold Corp. has received TSX Venture Exchange approval to close its non-brokered private placement previously announced on June 17, 2021. The company has received a total of $180,000.

Falcon will issue 1.5 million units at a purchase price of 12 cents per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of 20 cents for a period of 36 months following the acceptance date. The shares and warrants are subject to a four-month hold period (as per TSX-V policies).

The proceeds will be used for continued exploration on existing properties, outstanding payables and general working capital.

A finder’s fee in the amount of $11,700 has been paid to Kreuzfeld AG Ltd., in accordance with the policies of the TSX-V.

About Falcon Gold Corp.

Falcon Gold 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 kilometres southeast of Agnico Eagle’s Hammond Reef gold deposit.

We seek Safe Harbor.

Source

Click here to connect with Falcon Gold Corp. (TSXV:FG) for an Investor Presentation.