Falcon GOLD Corp. Provides Update ON Spinout Transaction
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON GOLD CORP. PROVIDES UPDATE ON SPINOUT TRANSACTION
Vancouver, B.C., November 17, 2022, FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF: OTCQB);
("Falcon" or the “ Company”). Further to the Company’s news releases of June 1, 2022, June 16, 2022,
August 2, 2022, August 10, 2022, and October 20, 2022 the Company is pleased to announce that its
previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the
“Arrangement”) involving Latamark Resources Corp. (“Latamark”) has been completed. The Arrangement
was approved by special resolution at a special meeting of shareholders held on September 8, 2022. The
Company obtained a final order approving the Arrangement from the Supreme Court of British Columbia
on September 14, 2022, and the Arrangement became effective on November 2, 2022.
Pursuant to the Arrangement, holders of Falcon shares as of the close of business on October 28, 2022
received one common share in the capital of Latamark (each, a “Latamark Share”) for every 5.8 common
shares held in the Company. L atamark has also issued 5,000,000 Latamark Shares to Falcon pursuant to
the Arrangement.
It is the intention of Latamark to raise new capital, and to seek a listing on the TSX Venture Exchange
(“TSXV”), however there is no assurance Latamark will be successful in doing so.
Additional information about the Arrangement is detailed in the Company’s Information Circular filed on
the Company’s profile on SEDAR at www.sedar.com.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focu sed 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 multiple additional projects: The Viernes Gold/Silver/Copper project in Ant ofagasta
Chile, the Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the
Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitf ire-Sunny Boy, Gaspard
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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Gold 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
Certain statements in this release are forward -looking statements which reflect the expectations of
management. Forward-looking statements consist of statements that are not purely historical, including
any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking
statements in this press release relate to, among other things, the public listing of Latamark on the TSXV.
Actual future results may differ materially. There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ materiall y from those anticipated in such
statements. There is no assurance any of the conditions for closing will be met. Forward -looking
statements reflect the beliefs, opinions, and projections on the date the statements are made and are
based upon a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Readers should not place undue reliance on t he forward -looking
statements and information contained in this news release concerning these times. Except as required by
law, the Company does not assume any obligation to update the forward -looking statements of beliefs,
opinions, projections, or other factors, should they change, except as required by law.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.