Falcon Announces Closing of Private Placement
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NEWS RELEASE FG: TSX-V
FALCON ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Vancouver, B.C., July 25, 2019. FALCON GOLD CORP. ("Falcon" or the "Company") announces that it has
closed a 2nd tranche of its private placement for $77,500 priced at $0.025 per common share Unit. Each
Unit consists of one Falcon common share (“Share”) and one share purchase warrant. Each Warrant has
a term of 24 months commencing on the Closing Date and entitle s the holder to purchase a Share at a
price of $0.05 per share during the term of the Warrant . Gross proceeds raised from the placement
totalled $467,000 and the Company has issued 18,680,000 shares.
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 - $50,325; 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; Offering expenses and investor communications - $12,000; regulatory
filing fees- $8,850.
The Company utilized various exemptions pursuant to this financing , including; the suitability advi ce
exemption (B.C. Instrument 45 -536) and 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. TSX Exchange approval
has been received and all shares issued are subject to a four -month hold period expiring in November
2019.
Two directors of the Company participated in this financing on the same terms as other investors. This
transaction is exempt from shareholder approval and valuation requirements in accordance with MI 61 -
101 (Protection of Minority Security Holders in Special Transactions).
About Falcon Gold Corp.
Falcon is a Canadian , mineral exploration com pany focused on generating, acquiring, and exploring
opportunities in the Americas. Its Canadian projects include; the Central Canada gold and copper projects
in Atikokan, Ontario and an interest in the Burton gold property located near Sudbury, Ontario. Falcon
also has an agreement to acquire 20, 000 hectares located within the Sierra de Las Minas District,
Argentina which is known to host to several past producing gold, copper and silver mines.
CONTACT INFORMATION:
Falcon Gold Corp.
David Tafel
Chairman
Karim Rayani
CEO & Director
Telephone: 604-683-1991
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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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 programs, geological interpretations, receipt of property titles, etc. Forward
looking statements address futur e 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.