Falcon Closes Second Tranche and Increases Private Placement
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON CLOSES SECOND TRANCHE AND INCREASES PRIVATE PLACEMENT
Vancouver, BC, May 27 , 2024 FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OTCQB); (the
“Company”) announces that it has increased its previously announced non -brokered private placement
from aggregate gross proceeds of up to $510,000 to $585,000 through the issuance of up to 9,000,000
flow-through shares (the “FT Shares”) at $0.05 per FT Share and up to 2,700,000 units (the “Units”) at
$0.05 per Unit (the “Private Placement”).
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.
The Company further announces that it has closed the second tranche of the Private Placement by issuing
1,662,000 Units at $0.05 per Unit for gross proceeds of $83,100. The proceeds from the Second Tranche
will be used for general working capital purposes. All securities issued pursuant to the Second Tranche
will be subject to a statutory hold period in accordance with applicable Canadian securities laws.
Lastly, the Company has extended the closing date of the Private Placement and now expects to close the
Private Placement on or before June 27, 2024. 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.