Falcon Gold Acquires Templer Gold Shares and Washington Silver Property

Falcon Gold Corp. (TSXV:FG) announced that its acquisition of the Washington Silver Property is now complete.

As quoted in the press release:

In connection with the acquisition, Falcon has issued 4,815,000 common shares and 1,407,500 warrants with each warrant exercisable for one common share of Falcon at $0.17 per share for a period of two years to the Templer shareholders. The Washington Silver Property is subject to a 2% net smelter royalty (NSR), of which 1% may be purchased by Falcon at any time for $1 million.

Click here for the Falcon Gold Corp. (TSXV:FG) press release.