Falcon Closes $300,000 Private Placement
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON CLOSES $300,000 PRIVATE PLACEMENT
Vancouver, B.C., August 11, 2022, FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OT CQB);
("Falcon" or the “ Company”) announces the Company has closed its non-brokered private placement
previously announced August 10 th, 2022 . and has issued 4,000,000 common shares for proceeds of
$ 300,000. Each Unit priced at 7.5 cents consists of one common share and one common share purchase
warrant priced at 10 cents for a 36-month term. The shares will be subject to a standard 4 month hold
period (TSX.V Policy) no finders fees have been paid. Proceeds from the offering are for general working
capital purposes and exploration expenditures.
The closing of the Private Placement is subject to TSX Venture Exchange approval.
Insider Participation
Chief Executive Officer and Director Karim Rayani has subscribed for 1,000,000 Units for a total of
$ 75,000, and James Farley, director of the Company, has subscribed for 400,000 Units for a total of
$30,000.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring
opportunities in the Americas. Falcon’s flagship project, the Central Canada Gold Mine, is approximately
20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit which has currently estimated 3.32 million
ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of
measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond
Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico
Fault Zone (“QFZ”) and may be the control for the gold deposit. The Central Gold property lies on a similar
major northeast-trending splay of the QFZ.
The Company holds 14 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located
in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The
Springpole West Property in the world -renowned Red Lake m ining camp; a 49% interest in the Burton
Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire -Sunny Boy, Gaspard Gold
FALCON GOLD CORP.
615 – 800 West Pender Street
Vancouver, BC, V6C 2V6
VANCOUVER TEL: (604) 670-0019
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First
Mining, Matador, Benton-Sokoman’s JV, and Marvel Discovery in Central Newfoundland.
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 looki ng 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.
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.