
November 09, 2023
FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that it has repriced its non-brokered private placement previously announced on October 17, 2023 (the "Private Placement") and increased the number of units ("Units") offered.
The price per Unit of the Private Placement has been repriced from $0.025 per Unit to $0.03 per Unit and the gross proceeds has increased from up to $150,000 to $300,000. Accordingly, the number of Units offered has increased from up to 6,000,000 to 10,000,000.
Each Unit consists of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional Share for a period of two years from the date of issuance at a price of $0.05 per Share. The net proceeds from the Private Placement will be used for general working capital purposes.
Karim Rayani, CEO and director, intends to acquire 1,666,667 Units under the Private Placement, which participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The Private Placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day hold period from the closing date.
CONTACT INFORMATION:
"Karim Rayani" Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: info@falcongold.ca
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. 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.
FG:CC
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
20 June 2023
Falcon Gold
Generating and Exploring Precious Metal Assets in Prolific Jurisdictions Across the Americas
Generating and Exploring Precious Metal Assets in Prolific Jurisdictions Across the Americas Keep Reading...
21h
Top 5 Canadian Mining Stocks This Week: Grande Portage Resources Gains 32 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released May’s consumer price index data on Monday (June 22). The data shows that... Keep Reading...
25 June
Rhona O'Connell: Gold Price Drop — Why it Happened, What's Next
Rhona O'Connell, StoneX's head of market analysis, EMEA and Asia, breaks down gold's price activity over the last six months, including its correction at the beginning of the year and this week's fall below the much-watched US$4,000 per ounce level. Although the metal is now back above US$4,000,... Keep Reading...
24 June
Gold Price Falls Below US$4,000, How Low Can it Go?
Gold is feeling the summer heat with a drop below US$4,000 per ounce on Wednesday (June 24). The yellow metal hasn't been below that key psychological level since November 2025, but a stronger US dollar, expectations of higher interest rates and cooling tensions in the Middle East are combining... Keep Reading...
23 June
Guinea Bans Raw Gold Exports to Force Domestic Refining
Guinea has banned the export of raw gold effective immediately, requiring all industrial and artisanal miners to process the precious metal domestically before shipping.According to a Bloomberg report, Guinean President Mamadi Doumbouya announced the policy during a meeting with mining... Keep Reading...
22 June
John Feneck: Gold, Silver — Price Targets, Key Levels to Watch
John Feneck, portfolio manager and consultant at Feneck Consulting, shares his outlook for gold and silver, commenting on the impact of the latest US Federal Reserve meeting — the first with Chair Kevin Warsh at the helm — and the deal between the US and Iran.He sees the gold price revisiting... Keep Reading...
19 June
Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





