Falcon Closes Final Tranche of Oversubscribed Private Placement
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NEWS RELEASE FG: TSX-V
3FA: FRA
FGLDF: OTCQB
FALCON CLOSES FINAL TRANCHE OF OVERSUBSCRIBED
PRIVATE PLACEMENT
Vancouver, BC, July 24, 2024 FALCON GOLD CORP. (FG: TSX -V) (3FA: FRA ) (FGLDF: OTCQB); (the
“Company”) announces that it has closed the fourth and final tranche of its previously announced non-
brokered private placement (the “Private Placement”) by issuing 2,600,000 units (the “Units”) at $0.05
per Unit for gross proceeds at $130,000 (the “Final Tranche”).
Each Unit consists of one non -flow through share of the Company and one transferrable share purchase
warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire an additional common share
of the Company (a “Warrant Share”) at an exercise price of $0.07 per Warrant Share for a period of three
(3) years.
Pursuant to the Private Placement, the Company issued an aggregate 9,600,000 flow-through shares (the
“FT Shares”) at $0.05 per FT Share and 4,262,000 Units at $0.05 per Unit for aggregate gross proceeds of
$693,100.
The proceeds from the sale of the FT Shares will be used for exploration and development of the
Company's British Columbia, Ontario, Newfoundland, and Quebec project s. The proceeds from the sale
of the Units will be used for general working capital purposes.
All securities issued pursuant to the Final Tranche will be subject to a statutory hold period in accordance
with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the TSX
Venture Exchange.
CONTACT INFORMATION:
Falcon Gold Corp.
“Karim Rayani”
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-1036
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.