Falcon Announces Non-Brokered Private Placement
FALCON GOLD CORP.
Suite 1100 – 1111 Melville St.
Vancouver, BC, V6E 3V6
VANCOUVER TEL: (604) 716-1036
TORONTO TEL: (416) 477-1220
www.falcongold.ca
NEWS RELEASE FG: TSXV
3FA: FRA
FALCON ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, BC, October 18, 2024 – Falcon Gold Corp. (FG: TSXV) (3FA: FRA) (“Falcon” or the “Company”)
announces that it has arranged a non-brokered private placement of up to 5,000,000 flow-through units
(the “FT Units ”) at $0.04 per FT Unit and up to 2,857,143 non flow-through units (the “NFT Units” ) at
$0.035 per NFT Unit for aggregate gross proceeds of up to $300,000 (the “Private Placement”).
Each FT Unit consists of one flow-through share of the Company (an “FT Share”) and one-half of one share
purchase warrant (each whole warrant, an “FT Unit Warrant”). Each FT Unit Warrant entitles the holder
thereof to acquire one non flow -through share (a “Warrant Share”) at a n exercise price of $0. 08 per
Warrant Share for a period of two (2) years.
Each NFT Unit consists of one non flow -through share of the Company (a n “NFT Share”) and one share
purchase warrant (an “NFT Unit Warrant”). Each NFT Unit Warrant entitles the holder thereof to acquire
one Warrant Share at an exercise price of $0.05 per Warrant Share for a period of four (4) years.
The gross proceeds from the sale of the FT Unit s 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
Ontario. The gross proceeds from the sale of the NFT Units will be used for general working capital and
corporate purposes. 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.
Finders’ fees may be paid in connection with the Private Placement. All securities issued pursuant to the
Private Placement will be subject to a statutory hold period in accordance with applica ble 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: [email protected]
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.
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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.