Falcon Oversubscribes Private Placement – Closes $535,210
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NEWS RELEASE FG: TSX-V
3FA: GR
FGLDF: OTCQB
FALCON OVERSUBSCRIBES PRIVATE PLACEMENT – CLOSES $535,210
Vancouver, B.C., September 30, 2021. FALCON GOLD CORP. (FG: TSX -V), (3FA: GR), (FGLDF:
OTCQB); ("Falcon" or the “Company”) is pleased to report it has oversubscribed its non-brokered
private placement announced on September 24 th 2021. The Company has raised a total of
$535,210 by issuing 4,117,000 Flow-Through Units (the “FT Offering”).
Each unit priced at $0.13 will consist of one flow -through common share and one -half of one
common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to
subscribe for and purchase one non -flow-through common share (“Warrant Shares”) at a price
of $0.25 for a period of 24 months following the acceptance date. The shares and warrants are
subject to a four-month hold (as per TSX Venture Exchange policy).
The aggregate gross proceeds from the sale o f the FT Offering will be used for exploration and
development of the Company's British Columbia, Ontario and Newfoundland projects. A fee will
be paid in connection with the offering to GloRes Securities in the amount of $ 31,800 subject to
TSX Venture guidelines.
All securities issued in connection with the FT Offering will be subject to a statutory hold period
expiring four months and one day after closing of the Offering. Completion of the Offering, and
payment of the Finders’ fee are subject to the approval of the Exchange.
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 20 km southeast of Agnico Eagle’s Hammond Reef Gold D eposit 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 of 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 7 additional projects. The Springpole West Property in the world-renowned
Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury
FALCON GOLD CORP.
110 – 175 Victory Ship Way
North Vancouver, BC, V7L 0B2
VANCOUVER TEL: (604) 670-0019
TORONTO TEL: (416) 477-1220
www.falcongold.ca
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Ontario; and in B.C., the Spitfire -Sunny Boy, Gaspard Gold claims; an d most recently the Great
Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Sokoman -Benton’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 limite d to comments regarding the timing and
content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking 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.
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 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 d efined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.