incentive program

Falcon Offers Warrant Exercise Incentive Program

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTC PINK:FGLDF); ("Falcon" or the "Company") Announces today that it intends to apply for approval of a warrant exercise incentive program (the "Incentive Program") with the TSX Venture Exchange (the "Exchange

As announced in our news release dated July 8th, 2020, the Company completed private placement offerings of 5,750,000 Units at $0.08. Each Unit comprised of one (1) common share and one (1) share purchase warrant for three (3) years at $0.12 from the date of issuance (the "Placement Warrants"). The Company has 5,750,000 Placement Warrants priced at 12 cents expiring July 13th, 2023.

Under the proposed Incentive Program, if the Placement Warrants are exercised prior to 4:00 p.m. (Vancouver Time) on the 30th day after TSX Venture Exchange Approval (the "Incentive Period"), the Placement Warrant holder will receive one (1) additional warrant (an "Incentive Warrant") in consideration of the early exercise of each Placement Warrant. Each Incentive Warrant will be exercisable to acquire one (1) common share of the Company at a price of $0.18 per share for a period of one (1) year from the date of issuance. The Company believes this will give existing Placement Warrant holders the right incentive to exercise their Placement Warrants. The Incentive Warrants and any Shares issued upon the exercise of the Incentive Warrants will be subject to a hold period expiring four months plus one day after the date of distribution of the Incentive Warrant.

In the event a Placement Warrant holder determines not to participate in the Incentive Program, then following the expiry of the Incentive Period, the Placement Warrant holder may exercise the Placement Warrants on their original terms or allow them to expire unexercised.

No Directors or Officers of the Company owns or control any of the Placement Warrants. The Company is not aware of any potential new insider position that would be created upon the exercise of the Placement Warrants nor Incentive Warrants.

There are no guarantees of Exchange approval, and the Company will provide investors an update once it receives a decision from the Exchange.

Further details on the manner by which Placement Warrant holders may exercise their Placement Warrants under the Incentive Program will be provided once Exchange approval is granted.

The Company intends to use the proceeds from the exercise of any Placement Warrants for working capital and exploration on properties.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this Warrant Incentive Program within the United States or to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities Act).

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 southeast 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.

CONTACT INFORMATION:

Falcon Gold Corp.

"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.

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.

SOURCE: Falcon Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/658412/Falcon-Offers-Warrant-Exercise-Incentive-Program

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Falcon Gold (TSXV:FG)

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...
Copper ore with "5 Top Canadian Mining Stocks" text overlay.

Top 5 Canadian Mining Stocks This Week: Giant Mining Gains 70 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 and US news impacting the resource sector.Statistics Canada released January’s jobs report on Friday (February 6). The data showed that... Keep Reading...
Gold and copper coloured ore on black sand with "5 Top Australian Mining Stocks This Week" text overlay.

Top Australian Mining Stocks This Week: Solstice Minerals Soars on Strong Copper Drill Results

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.In global news, Australia took part in a ministerial meeting hosted by the US this week. The gathering was aimed at exploring a... Keep Reading...
Map of Central Africa, magnifying glass over Democratic Republic of the Congo.

Glencore Signs MOU with Orion Consortium on Potential US$9 Billion DRC Asset Deal

Glencore (LSE:GLEN,OTCPL:GLCNF) has entered into preliminary talks with a US-backed investment group over the potential sale of a major stake in two of its flagship copper and cobalt operations in the Democratic Republic of Congo (DRC).In a joint statement, Glencore and the Orion Critical... Keep Reading...
Critical Mineral Resources

Drilling Ramping-up Following Oversubscribed Fundraise

Critical Mineral Resources plc (“CMR”, “Company”) is pleased to report that following the recently completed and heavily oversubscribed fundraise, diamond drilling with two rigs is ramping-up over the coming weeks as the weather improves. Drilling during H1 is designed to produce Agadir... Keep Reading...
Rick Rule, mine site.

Rick Rule: Oil/Gas Move is Inevitable, but Copper is Next Bull Market

Rick Rule, proprietor at Rule Investment Media, is positioning in the oil and gas sector, but thinks a bull market is two or two and a half years away. In his view, copper is likely to be the next commodity to begin a bull run.Click here to register for the Rule Symposium. Don't forget to follow... Keep Reading...
Phone with BHP logo, stock chart background.

BHP Expands 2026 Xplor Program with Record 10 Companies

Mining major BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has named the early stage explorers selected for its 2026 Xplor program, expanding the intake to a record 10 companies.According to a Monday (February 2) press release, the latest cohort is the largest since the initiative launched in 2023, surpassing... Keep Reading...

Interactive Chart

Latest Press Releases

Related News