Falcon Closes over-Subscribed $221,000 Financing
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NEWS RELEASE FG: TSX-V
FALCON CLOSES OVER-SUBSCRIBED $221,000 FINANCING
Vancouver, B.C., May 17, 2018. FALCON GOLD CORP. (FG: TSX-V) “Falcon” or the “Company”) is pleased
to announce it has closed an over -subscribed $221,000 financing pursuant to its previously announced
($200,000) private placement. The Company has issued 4,420,000 priced at $ 0.05 per Unit. Each Unit
consists of one common share and one 2 -year common share purchase warrant exercisable at $ 0.10.
Insiders of the Company have subscribed for 45% of the financing. Proceeds shall be used by the Company
for working capital and general corporate purposes.
All securities issued pursuant to this financing will be subject to resale r estrictions for a period of four
months and one day from closing under applicable securities legislation. Final closing is subject to TSX
Venture Exchange approval.
The participation in the private placement by Insiders, Mr. David Tafel (Chairman & Director) and Mr.
Stephen Wilkinson (CEO & Director) constitutes a Related Party Transaction. However, this Related Party
Transaction is exempt from formal valuation and minority shareholder approval pursuant to Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring
opportunities in the Americas. Its projects include the Central Cana da Cobalt and Gold Project in N.W.
Ontario and the Burton gold property located northwest of Sudbury, Ontario. For information on the
Company, please visit our website: www.falcongold.ca.
CONTACT INFORMATION:
Falcon Gold Corp.
David Tafel
Chairman & Director
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 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 d efined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FALCON GOLD CORP.
520- 470 Granville St.
Vancouver, BC V6C1V5
+1 604-683-1991
+1 604 683-8544
www.falcongold.ca