Falcon Announces Amendment to Private Placement Financing & Change to Management
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NEWS RELEASE FG: TSX-V
FALCON ANNOUNCES AMENDMENT TO PRIVATE PLACEMENT
FINANCING & CHANGE TO MANAGEMENT
Vancouver, B.C., June 12, 2019. FALCON GOLD CORP. ("Falcon" or the "Company") announces that it has
amended its previously announced, discretionary waiver private placement and subject to TSX Venture
Exchange acceptance, will proceed with a private placement for up to $ 500,000 priced at $ 0.025 per
common share U nit. Each Unit will consist of one Falcon common share (“Share”) and one share
purchase warrant. Each Warrant shall have a term of 24 months commencing on the Closing Date and
shall entitle the holder to purchase a Share at a price of $0.05 per share during the term of the Warrant.
The previously announced private placement of units and fl ow through shares has been cancelled.
(news release dated: May 6, 2019)
Proceeds from th e Unit financing shall be used by the Company as follows: Ontario Gold and Copper
Properties Surface Exploration and Diamond Drilling - $282,425; Argentine gold/copper property
exploration and concessions payment - $68,400; rent - $14,400; office overhead - $7,500; administration
- $24,000; legal, audit and accounting - $22,500; Ontario properties fees and payments - $38,000; First
Nations consultations - $7,000; O ffering expenses and investor communications - $12,000; regulatory
filing fees- $8,850; and working capital - $14,925.
The Company contemplates that various exemptions will be utilized pursuant to this financing. It may
rely upon the suitability advice exemption (B.C. Instrument 45 -536) as well as the existing shareholder
exemption (CSA notice 45-313) which allows for an investment of up to $15,000 (from a non-accredited
investor) within any 12 -month period. There is no material fact or material change that has not been
generally disclosed. Closing will be subject to TSX Exchange approval and a ny shares issued will be
subject to a four-month hold period.
Management Changes
The Company wishes to report that, Mr. Stephen Wilkinson, will be retiring as Falcon’s CEO and director
effective June 30, 2019. Mr. Wilkinson has headed the Company since October 2014 and intends to
remain actively involved in Falcon’s affairs in the capacity of Advisor to the Board.
Mr. Karim Rayani, who has been a Strategic Advisor to Falco n since May 2018, will be assuming the role
of CEO and director. For the past 15 years Mr. Rayani has focused on financing both do mestic and
international mineral exploration and development. Mr. Rayani is currently Chairman of R7 Capital
Ventures Ltd. , a Vancouver based merchant bank and advisory firm . Prior to R7, he worked
independently as a Management Consultant and Financier to companies in the junior mining, bio -
medical and te chnology sectors raising over $45 million over the last 4 ye ars for public a nd private
companies. Mr. Rayani has developed an extensive network of contacts throughout North America and
Europe with a focus on Institutional investors. Mr. Rayani’s appointment is subject to TSXV exchange
approval.
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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About Falcon Gold Corp.
Falcon is a Canadian , mineral exploration company focused on generatin g, acquiri ng, and exploring
opportunities in the Americas. Its Canadian projects include; the Central Canada gold and copper
project and an interest in the Burton gold property lo cated near Sudbu ry, Ontario. Falcon also has an
agreement to acqui re seven (7) contig uous mineral concessions covering an aggregate area of 20,461
hectares located within the Sierra de Las Minas District, Argentina which is known to be host to several
past producing gold , copper and silver mines. The Company presently has approximately 38 million
common shares outstanding and is listed on the TSX Venture exchange with the trading symbol: "FG".
For information on the Company, please visit our website: www.falcongold.ca.
CONTACT INFORMATION:
Falcon Gold Corp.
David Tafel
Chairman
Stephen Wilkinson
CEO & Director
Telephone: 604-683-1991
Email: [email protected]
Cautionary Language and Forward-Looking Statements
This news release may contain forward looking st atements including but not limited to comments regarding the
timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Fo rward
looking st atements address future events and conditions and t herefore, involve i nherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulatio n 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.