Early Warning Press Release Regarding Investment IN Falcon GOLD
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NEWS RELEASE FG: TSX-V
EARLY WARNING PRESS RELEASE REGARDING INVESTMENT IN FALCON GOLD
Vancouver, B.C., October 21, 2019. FALCON GOLD CORP. (FG: TSX-V) (“Falcon” or the “Company”)
R7 Capital Ventures Ltd. (“R7”), an investment comp any wholly owned by Karim Rayani, acquired an
aggregate of 2,000,000 Units, with each Unit consisting of one common share (each, a “Common Share”)
and one share purchase Warrant (each, a “Warrant”) of the Company for a two year period at a price of
$.05 cents pursuant to a private placement (the “Tr ansaction”). Dated July 15, 2019. Mr. Rayani also
acquired an aggregate of 360,000 common shares of Falcon Gold Corp., by way of series of open market
purchases dated October 8 th 2019.
Mr. Rayani personally and through his company holds 4,324,000 representing 8.3 percent of the issued
and outstanding common shares of the company. After the issuance of the common shares pursuant to
the Transaction the Acquiror now owns or controls a nd aggregate of 6,324,000 common shares of the
company which represent 10.8 percent of the issued and outstanding common shares. The purchased
securities were acquired by the acquiror at an aver age price of $0.042 per share for a aggregate of $
266,200.00 Prior to the Purchased units, Mr. Rayani also held 375,000 share purchase warrants entitling
him to acquire a further 375,000 shares of the company, and incentive stock options (“Options”) entitling
him to acquire a further 200,000 shares. Mr. Rayani now owns or has control or direction over (8,899,000
common shares representing approximately 14.6 percent) of the issued and outstanding common shares
of the company. Assuming exercise of all warrants and options held by Mr. Rayani.
The shares were acquired by Mr. Rayani for investme nt purposes. Mr. Rayani may acquire additional
securities of Falcon Gold either on the open market or through private acquisitions or sell securities of FG
either on the open market or through private dispositions, in the future depending on market conditions,
reformulation of plans and or relevant factors. Oth er than the foregoing Mr. Rayani does not have any
plans or any future intentions that relate to, or would result in, any of other foregoing matters.
About Falcon Gold Corp.
Falcon is a Canadian, mineral exploration company f ocused on generating, acquiring, and exploring
opportunities in the Americas. Its Ontario, Canada projects include; the Central Canada gold and copper
projects in Atikokan; the Bruce and Camping lake projects in Red lake; the Wabunk Bay base metal project
in Red Lake and an interest in the Burton gold prop erty located near Sudbury. Falcon also has an
agreement to acquire the Esperanza Gold, Copper, project located within the Sierra de Las Minas District,
Argentina.
FALCON GOLD CORP.
520- 470 Granville St.
Vancouver, BC V6C1V5
+1 604-683-1991
+1 604 683-8544
www.falcongold.ca
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CONTACT INFORMATION:
Falcon Gold Corp.
Karim Rayani
CEO, Director
Telephone: 604-683-1991
Email: [email protected]
Cautionary Language and Forward-Looking Statements
This news release may contain forward looking state ments including but not limited to comments
regarding the timing and content of upcoming work p rograms, geological interpretations, receipt of
property titles, etc. Forward looking statements ad dress future events and conditions and therefore,
involve inherent risks and uncertainties. Actual re sults 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 poli cies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.