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Falcon Gold has completed the second tranche of its non-brokered private placement, raising $360,000 through the issuance of 9,000,000 flow-through units at $0.04 per unit. Each unit includes one flow-through share and half a warrant, with each whole warrant exercisable at $0.08 for two years. The proceeds will fund Canadian exploration expenses in Newfoundland, Ontario, and Quebec properties. The company paid $25,200 in finder’s fees and issued 630,000 finder’s warrants exercisable at $0.08 for two years.
Falcon Gold ha completato la seconda tranche della sua offerta privata non intermedia, raccogliendo $360,000 attraverso l’emissione di 9.000.000 di unità flow-through a $0.04 per unità. Ogni unità include un’azione flow-through e mezza opzione, con ogni opzione intera esercitabile a $0.08 per due anni. I proventi finanzieranno le spese di esplorazione canadese nelle proprietà di Newfoundland, Ontario e Quebec. L’azienda ha pagato $25,200 in commissioni per i trovatori e ha emesso 630.000 opzioni per i trovatori esercitabili a $0.08 per due anni.
Falcon Gold ha completado la segunda tranche de su colocación privada no intermediada, recaudando $360,000 a través de la emisión de 9,000,000 de unidades flow-through a $0.04 por unidad. Cada unidad incluye una acción flow-through y media opción, siendo cada opción completa ejercitable a $0.08 durante dos años. Los ingresos financiarán los gastos de exploración en Canadá, específicamente en las propiedades de Newfoundland, Ontario y Quebec. La empresa pagó $25,200 en comisiones a los halladores y emitió 630,000 opciones a halladores ejercitables a $0.08 durante dos años.
Falcon Gold는 중개인 없는 사모 배치의 두 번째 분할을 완료하고, 9,000,000개의 흐름주 유닛을 주당 $0.04에 발행하여 $360,000를 조달했습니다. 각 유닛에는 하나의 흐름주와 반 개의 워런트가 포함되며, 각 전체 워런트는 2년 동안 $0.08에 행사할 수 있습니다. 수익금은뉴펀들랜드, 온타리오 및 퀘벡의 캐나다 탐사 비용에 사용될 것입니다. 회사는 $25,200의 중개 수수료를 지급하고, 2년 동안 $0.08에 행사할 수 있는 630,000개의 중개 워런트를 발행했습니다.
Falcon Gold a complété la deuxième tranche de son placement privé sans courtier, levant $360,000 grâce à l’émission de 9,000,000 d’unités flow-through à $0.04 par unité. Chaque unité comprend une action flow-through et une demi-option, chaque option entière étant exerçable à $0.08 pendant deux ans. Les produits financeront les dépenses d’exploration canadiennes dans les propriétés de Terre-Neuve, d’Ontario et de Québec. L’entreprise a payé $25,200 en frais de trouvaille et a émis 630,000 d’options de finders exerçables à $0.08 pendant deux ans.
Falcon Gold hat die zweite Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $360,000 durch die Ausgabe von 9.000.000 Flow-Through-Einheiten zu je $0.04 pro Einheit gesammelt. Jede Einheit umfasst eine Flow-Through-Aktie und eine halbe Option, wobei jede gesamte Option für zwei Jahre zu $0.08 ausgeübt werden kann. Die Einnahmen werden die kanadischen Erkundungskosten in den Eigenschaften von Neufundland, Ontario und Quebec finanzieren. Das Unternehmen zahlte $25,200 in Vermittlungsgebühren und gab 630.000 Vermittlungsoptionen aus, die für zwei Jahre zu $0.08 ausgeübt werden können.
Positive
- Secured $360,000 in additional funding through flow-through units
- Proceeds earmarked for exploration activities across three Canadian provinces
Negative
- Share dilution through issuance of 9,000,000 new units
- Additional dilution potential from 4.5 million warrants at $0.08
- Incurred $25,200 in cash finder’s fees plus 630,000 finder’s warrants
VANCOUVER, BC / ACCESSWIRE / November 26, 2024 / Falcon Gold Corp. (TSXV:FG)(FRA:3FA) (“Falcon” or the “Company“) announces that it has closed the second tranche of its previously announced non-brokered private placement by issuing 9,000,000 flow-through units (the “FT Units”) at $0.04 per FT Unit for gross proceeds of $360,000 (the “Private Placement”).
Each FT Unit consists of one common share of the Company issued as a “flow-through share” and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.08 per Warrant Share for a period of two (2) years.
The net proceeds from the sale of the FT Units will be used to incur “Canadian exploration expenses” within the meaning of the Income Tax Act (Canada) on the Company’s properties in the province of Newfoundland, Ontario, and Quebec. None of the proceeds from the Private Placement will be used for payments to non-arm’s length parties or persons conducting investor relations activities.
In connection with the Second Tranche, the Company paid finder’s fees consisting of $25,200 cash and 630,000 finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder thereof to acquire one Warrant Share at an exercise price of $0.08 per Warrant Share for a period of two (2) years.
The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
All securities issued pursuant to the Private Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to approval of the TSX Venture Exchange.
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 the original press release on accesswire.com
FAQ
How much did Falcon Gold (FGLDF) raise in its second tranche private placement?
Falcon Gold raised $360,000 through the issuance of 9,000,000 flow-through units priced at $0.04 per unit.
What is the exercise price and term of the warrants issued in Falcon Gold’s private placement?
The warrants have an exercise price of $0.08 per share and are valid for a period of two years.
How will Falcon Gold use the proceeds from the private placement?
The proceeds will be used for Canadian exploration expenses on the company’s properties in Newfoundland, Ontario, and Quebec.
