Falco Announces Upsize to Previously Annoucned Bought Deal Financing to $32.5 Million and Concurrent $25 Million Private Placement

Falco Resources Ltd. (TSXV:FPC) is pleased to announce it has amended the terms of its previously announced bought deal public offering to increase the size of the offering to $32,501,030 (the “Upsized Offering”).
Under the terms of the Upsized Offering, a syndicate of underwriters led by Haywood Securities Inc. (the “Underwriters”) have agreed to purchase, on a bought deal basis, 21,029,000 units (“Units”) of Falco at a price of $1.07 per Unit for gross proceeds of $22,501,030. The Underwriters have also agreed to purchase 7,812,500 flow-through shares (“Flow-Through Shares”) at a price of $1.28 per Flow-Through Share for gross proceeds of $10,000,000. The Company has also granted to the Underwriters an over-allotment option to purchase up to an additional 3,154,350 Units and 1,171,875 Flow-Through Shares, exercisable by the Underwriters at any time up to 30 days following the closing date.
The net proceeds of the Upsized Offering will be used by the Company to advance the dewatering program related to the development of the Horne 5 Deposit and for general working capital.
Read the full press release.
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