Falcon Announces $100,000 Placement
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NEWS RELEASE FG: TSX-V
FALCON ANNOUNCES $100,000 PLACEMENT
Vancouver, B.C., May 12, 2020. FALCON GOLD CORP. (FG:TSX-V), (3FA:GR) ; (" Falcon" or “the
Company") will proceed with a private placement financing for up to $100,000 priced at $ 0.075 cents per
common unit. Each unit will consist of one common share and one transferable purchase warrant. Each
warrant shall have a term of 24 months commencing on the closing date at a deemed price of $ 0.10 cents.
Proceeds will be used for general working capital and further exploration activities on its Central Canada
Gold and Red Lake projects.
Closing will be subject to TSX Exchange approval, and any shares issued will be subject to a four -month
hold.
About 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 project is approximately
20 kilometers SE of Agnico Eagle’s Hammond Reef Gold Deposit which has a Measured & Indicated
estimated resource of 208 Million Tonnes containing 4.5 Million ounces of Gold. The Hammond Reef gold
property lies on the Hammond fault which is the cont rol for the gold deposit. The Central Gold property
lies on a similar major structure the Quetico Fault. History on Central Canada 1901 to 1907 - Shaft to a
depth of 12 m and 27 oz of gold from 18 tons using a stamp mill. 1930 to 1935 – Central Canada Mines
Ltd. deepened the shaft to 40 m with about 42 m of crosscuts and installed a 75 ton per day gold mill.
1965 Anjamin Mines completed diamond drilling and in hole S2 returned a 2 ft section of 37.0 g/t Au and
hole S3 assayed 44.0 g/t Au across 7 ft. 1985 – Interquest Resources Corp. drilled 13 diamond holes
totaling 1,840 m in which a 3.8 ft intersection showed 30.0 g/t Au. The company holds 3 projects in Red
Lake; the Bruce and Camping lake projects, the Wabunk Bay base metal project . A 49% interest in the
Burton gold property with Iamgold in Sudbury , and the Spitfire and Sunny Boy gold claims in Merritt,
British Columbia.
CONTACT INFORMATION:
Falcon Gold Corp.
Karim Rayani
FALCON GOLD CORP.
1100 – 1111 Melville Street
Vancouver, BC, V6E 3V6
TEL: (604) 716-1036
www.falcongold.ca
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CEO, Director
Telephone: 604-716-0551
Email: [email protected]
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 p rograms, geological interpretations, receipt of property titles, etc. Forward-
looking statements are statements that relate to future events or future financial performance, and therefore, involve
inherent risks and uncertainties. In some cases, you can id entify forward -looking statements by the use of
terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”,
“predict”, “potential”, or “continue” or the negative of these terms or other comparable termin ology. These
statements speak only as of the date of this news release. This news release may also contain inferences to future
oriented financial information (“FOFI”) within the meaning of applicable securities laws. The information in this news
release has been prepared by our management to provide a context for the acquired projects and the registration of
title and to provide the reader with an outlook for our future activities and anticipated focus projects and may not be
appropriate for other purposes . Forward-looking statements in this announcement include, (but are not limited to),
hole CC-20-01 being the first of five planned holes in a 1,000 meter program, that the current campaign of drilling is
intended to confirm the mineralization on the Centra l Canada Mineralized Zone and to step off the Zone to test
structural splays for additional mineralization. Actual results may differ materially from those currently anticipated
in such statements , and any implication that the Company’s initiatives will i ndividually or collectively be successful
comprise forward looking 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.