FALCON ANNOUNCES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Falcon Gold has closed the first tranche of its non-brokered private placement, raising $235,000 through the issuance of 5,000,000 flow-through units at $0.04 per unit and 1,000,000 non flow-through units at $0.035 per unit. The flow-through proceeds will fund Canadian exploration expenses in Newfoundland, while non flow-through funds will be used for working capital. The company paid $16,450 in finder's fees and issued 420,000 finder's warrants. Company insiders Karim Rayani and Brian Crawford subscribed for 1,142,858 NFT Units.
Falcon Gold ha concluso la prima tranche del suo collocamento privato non intermediazione, raccogliendo $235.000 attraverso l'emissione di 5.000.000 di unità flow-through a $0,04 per unità e 1.000.000 di unità non flow-through a $0,035 per unità. I proventi delle unità flow-through finanzieranno le spese per l'esplorazione canadese in Newfoundland, mentre i fondi non flow-through saranno utilizzati per il capitale circolante. L'azienda ha pagato $16.450 come commissioni per il mediatore e ha emesso 420.000 warrant per il mediatore. I dirigenti dell'azienda Karim Rayani e Brian Crawford hanno sottoscritto 1.142.858 NFT Units.
Falcon Gold ha cerrado la primera tranche de su colocación privada no mediada, recaudando $235,000 mediante la emisión de 5,000,000 de unidades flow-through a $0.04 por unidad y 1,000,000 de unidades no flow-through a $0.035 por unidad. Los ingresos de las unidades flow-through se destinarán a financiar gastos de exploración en Canadá en Newfoundland, mientras que los fondos no flow-through se utilizarán para capital de trabajo. La compañía pagó $16,450 en comisiones a intermediarios y emitió 420,000 warrants para intermediarios. Los directivos de la empresa Karim Rayani y Brian Crawford suscribieron 1,142,858 NFT Units.
Falcon Gold는 비중개 개인 배치의 첫 번째 트랜치를 종료하고, 5,000,000개의 유동 흐름 단위를 단위당 $0.04에, 1,000,000개의 비유동 흐름 단위를 단위당 $0.035에 발행하여 $235,000의 자금을 조달했습니다. 유동 흐름 단위의 수익은 뉴펀들랜드에서의 캐나다 탐사 비용을 자금을 지원하고, 비유동 흐름 자금은 운영 자본으로 사용됩니다. 회사는 중개 수수료로 $16,450를 지급하고, 420,000개의 중개인의 보증서를 발행했습니다. 회사의 내부 관계자인 카림 라야니와 브라이언 크로포드가 1,142,858 NFT Units에 투자했습니다.
Falcon Gold a clôturé la première tranche de son placement privé sans intermédiaire, levant $235,000 grâce à l'émission de 5,000,000 d'unités flow-through à $0,04 l'unité et 1,000,000 d'unités non flow-through à $0,035 l'unité. Les produits des unités flow-through financeront les dépenses d'exploration canadiennes à Terre-Neuve, tandis que les fonds non flow-through seront utilisés pour le fonds de roulement. L'entreprise a payé $16,450 en frais de courtage et a émis 420,000 bons de souscription pour courtiers. Les initiés de l'entreprise Karim Rayani et Brian Crawford ont souscrit 1,142,858 NFT Units.
Falcon Gold hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei $235.000 durch die Ausgabe von 5.000.000 Flow-Through-Einheiten zu je $0,04 pro Einheit und 1.000.000 Nicht-Flow-Through-Einheiten zu je $0,035 pro Einheit aufgenommen. Die Einnahmen aus den Flow-Through-Einheiten werden zur Finanzierung kanadischer Explorationskosten in Neufundland verwendet, während die Mittel aus den Nicht-Flow-Through-Einheiten für das Betriebskapital eingesetzt werden. Das Unternehmen zahlte $16.450 an Maklergebühren und gab 420.000 Maklerwarrants aus. Die Unternehmensinsider Karim Rayani und Brian Crawford zeichneten 1.142.858 NFT Units.
- Secured $235,000 in new funding through private placement
- Insider participation demonstrates management confidence
- Dilution of existing shareholders through new share issuance
- Additional warrants could lead to future dilution if exercised
VANCOUVER, BC / ACCESSWIRE / November 1, 2024 / Falcon Gold Corp. (TSXV:FG) (FRA:3FA) ("Falcon" or the "Company") announces that it has closed the first tranche of its previously announced non-brokered private placement by issuing 5,000,000 flow-through units (the "FT Units") at
Each FT Unit consists of one flow-through share of the Company (an "FT Share") and one-half of one share purchase warrant (each whole warrant, an "FT Unit Warrant"). Each FT Unit Warrant entitles the holder thereof to acquire one non flow-through share (a "Warrant Share") at an exercise price of
Each NFT Unit consists of one non flow-through share of the Company (an "NFT Share") and one share purchase warrant (an "NFT Unit Warrant"). Each NFT Unit Warrant entitles the holder thereof to acquire one Warrant Share at an exercise price of
The net proceeds from the sale of the FT Units will be used to incur "Canadian exploration expenses" within the meaning of the Income Tax Act (Canada) on the Company's properties in the province of Newfoundland. The net proceeds from the sale of the NFT Units will be used for general working capital and corporate purposes. None of the proceeds from the Private Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.
In connection with the First Tranche, the Company paid finder's fees consisting of
Karim Rayani, CEO and director, and Brian Crawford, CFO (together, the "Insiders"), have agreed to subscribe in the Private Placement for an aggregate 1,142,858 NFT Units, which constitute related party transactions pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the Insiders in the Private Placement in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed
All securities issued pursuant to the Private Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to approval of the TSX Venture Exchange.
CONTACT INFORMATION:
Falcon Gold Corp.
"Karim Rayani"
Karim Rayani
Chief Executive Officer, Director
Telephone: (604) 716-0551
Email: info@falcongold.ca
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 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.
SOURCE: Falcon Gold Corp.
View the original press release on accesswire.com
FAQ
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