Falcon Announces Private Placements of Units and of Flow Through Shares
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NEWS RELEASE FG: TSX-V
FALCON ANNOUNCES PRIVATE PLACEMENTS OF UNITS AND OF
FLOW THROUGH SHARES
Vancouver, B.C., May 6, 2019 . FALCON GOLD CORP. ("Falcon" or the "Company") has arranged a
discretionary waiver private placement, subject to Ex change acc eptance. The private placement for
Units will be for up to $ 300,000 priced at $ 0.03 per Unit. 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 (i) $0.05
per share during the first 12 months of the term and (ii) $0.10 per Share during the second 12 months of
the term.
Proceeds from th e Unit financing shall be used by t he Company as follows: rent - $14,400; office
overhead - $12,000; administration - $24,000; legal, audit and accounting - $ 22,500; Argentine
concessions’ cost and administration - $84,500; Ontario properties fees and payments - $69,000; First
Nations cons ultations - $12,000; Offering expenses and investor communications $46,000; regulatory
filing fees- $3,500 and contingency funds - $11,500.
The Flow Through offering will be for up to $200,000 of Falcon Flow Through shares (“FT Shares”) priced
at $0.04 per FT Share. The proceeds from the sale of the FT Shares will be used for Canadian Exploration
Expenses (within the meani ng of the Income Tax Act (Canada)), and the Corporation will use its best
efforts to ensure that such Canadian Exploration Expenses qual ify as a " flow-through mining
expenditure", for purposes of the Income Tax Act (Canada)), related to the exploration of the
Corporation's exploration projects. The Corporation intends to renounce such Canadian Exploration
Expenses with an effective date of no later than December 31, 2019.
The Company contemplates that various exemptions will be utilized pursuant to this fi nancing. 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 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 any shares issued will be subject to a four-month hold period.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company foc used on g enerating, acquiring, and exploring
opportunities in the Americas. Its Canadian projects include; the Central Canada gold and cobalt project
and the Wabunk cobalt, copper, PGE project in N.W. Ontario, and the Burton gold property located near
Sudbury, Ont ario. Falcon also has an agreement to acquire seven (7) contiguous mineral concessions
covering an aggregate area of 20,461 ha located within the Sierra de Las Minas District, Argentina which
is known to be host to several past producing gold, co pper and silver mines. The Company has 38.0
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.
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.
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 statements including but not limited to comments regarding the
timing and content of upcoming work pro grams, geological interpretations, receipt of property titles, etc. Forward
looking statements address future ev ents and conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipat ed in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defin ed in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.