Falcon Announces Private Placement Repricing
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON ANNOUNCES PRIVATE PLACEMENT REPRICING
Vancouver, BC, November 9, 2023. FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the
“Company”) announces that it has repriced its non-brokered private placement previously announced on
October 17, 2023 (the “Private Placement”) and increased the number of units (“Units”) offered.
The price per Unit of the Private Placement has been repriced from $0.025 per Unit to $0.03 per Unit and
the gross proceeds has increased from up to $ 150,000 to $300,000. Accordingly, the number of Units
offered has increased from up to 6,000,000 to 10,000,000.
Each Unit consists of one common share in the capital of the Company (“Share”) and one Share purchase
warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional S hare for a period of
two years from the date of issuance at a price of $0. 05 per Share. The net proceeds from the Private
Placement will be used for general working capital purposes.
Karim Rayani, CEO and director, intends to acquire 1,666,667 Units under the Private Placement, which
participation would be considered to be a "related party transaction" as defined under Multilateral
Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation
and minority shareholder approval requirements of MI 61-101.
The Private Placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this
offering and any shares issued pursuant to the exercise of warrants will be subject to a four- month and
one day hold period from the closing date.
CONTACT INFORMATION:
Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: [email protected]
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
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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 futur e events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such 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.