Falcon Closes Third & Final Tranche of 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 CLOSES THIRD & FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, BC, January 3, 2025 – Falcon Gold Corp. (FG: TSXV) (3FA: FRA) (“Falcon” or the “Company”)
announces that it has closed the third tranche of its previously announced non -brokered private
placement by issuing 6,666,660 Quebec flow-through units (the “ QFT Units”) at $0.04 5 per FT Unit for
gross proceeds of $299,999.70 and 2,286,442 non-flow-through units (the “NFT Units”) at $0.035 per NFT
Unit for gross proceeds of $80,025.50 for aggregate gross proceeds of $ 380,025.20 (the “Private
Placement”).
Each QFT Unit consists of one common share of the Company issued as a “flow -through share” and one
half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant
entitles the holder to purchase one Common Share at a price of $0.0 8 per Warrant Share for a period of
two (2) years.
Each NFT Unit consists of one non -flow-through share of the Company (a “NFT Share”) and one share
purchase warrant (a “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 Units 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
Newfoundland, Ontario and Quebec. 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.
In connection with the Third Tranche, the Company paid finder’s fees consisting of $ 20,999.98 cash and
465,666 finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder thereof to
acquire one Warrant Share at an exercise price of $0.08 per Warrant Share for a period of two (2) years.
The securities described herein have not been, and will not be, registered under the United States
Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United
States except in compliance with the registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom. This press release does not constitute
an offer to sell or a solicitation to buy any securities in any jurisdiction.
All securities issued pursuant to the Private Placement will be subject to a statutory hold period in
accordance with applicable Canadian securities laws. The Private Placement is subject to approval of the
TSX Venture Exchange.
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CONTACT INFORMATION:
Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
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.