Falcon Oversubscribes Private Placement, Closes Final Tranche Total Proceeds Exceed $975,000
Falcon Gold Corp. (TSXV:FG) has successfully closed the third tranche of its non-brokered private placement, raising $380,025.20 through the issuance of 6,666,660 Quebec flow-through units at $0.045 per unit and 2,286,442 non-flow-through units at $0.035 per unit.
Across all three tranches, the company has raised a total of $975,025.17, issuing 14,000,000 FT Units, 6,666,660 QFT Units, and 3,286,442 NFT Units. The flow-through proceeds will fund Canadian exploration expenses in Newfoundland, Ontario, and Quebec, while non-flow-through funds will support working capital needs.
The company paid $20,999.98 in finder's fees and issued 465,666 finder's warrants. All securities are subject to a statutory hold period and TSX Venture Exchange approval.
Falcon Gold Corp. (TSXV:FG) ha chiuso con successo la terza tranche del suo collocamento privato non intermediazione, raccogliendo $380,025.20 tramite l'emissione di 6,666,660 unità Quebec flow-through a $0.045 per unità e 2,286,442 unità non flow-through a $0.035 per unità.
Complessivamente, nelle tre tranche, l'azienda ha raccolto un totale di $975,025.17, emettendo 14,000,000 FT Units, 6,666,660 QFT Units e 3,286,442 NFT Units. I proventi delle unità flow-through finanzieranno le spese di esplorazione in Newfoundland, Ontario e Quebec, mentre i fondi non flow-through sosterranno le esigenze di capitale operativo.
L'azienda ha pagato $20,999.98 in commissioni per mediatori e ha emesso 465,666 warrant per mediatori. Tutti i titoli sono soggetti a un periodo di blocco statutario e all'approvazione della TSX Venture Exchange.
Falcon Gold Corp. (TSXV:FG) ha cerrado con éxito la tercera tranche de su colocación privada no mediada, recaudando $380,025.20 a través de la emisión de 6,666,660 unidades flow-through de Quebec a $0.045 por unidad y 2,286,442 unidades no flow-through a $0.035 por unidad.
En total, a lo largo de las tres tranches, la compañía ha recaudado $975,025.17, emitiendo 14,000,000 FT Units, 6,666,660 QFT Units y 3,286,442 NFT Units. Los ingresos de las unidades flow-through financiarán los gastos de exploración en Newfoundland, Ontario y Quebec, mientras que los fondos no flow-through apoyarán las necesidades de capital de trabajo.
La compañía pagó $20,999.98 en comisiones a intermediarios y emitió 465,666 warrants de intermediarios. Todos los valores están sujetos a un período de bloqueo estatutario y a la aprobación de la TSX Venture Exchange.
Falcon Gold Corp. (TSXV:FG)는 중개인이 없는 개인 배급의 세 번째 분할충당금을 성공적으로 마감했으며, $380,025.20를 모금했습니다. 이 금액은 유닛당 $0.045에 6,666,660개의 퀘벡 유체전도단위(Flow-through Unit)와 유닛당 $0.035에 2,286,442개의 비유체전도단위(Non-flow-through Unit)를 발행하여 모금하였습니다.
세 번의 분할충당금에서 회사는 총 $975,025.17을 모금했으며, 14,000,000 FT Units, 6,666,660 QFT Units, 3,286,442 NFT Units를 발행하였습니다. 유체전도 단위에서 발생한 수익은 뉴펀들랜드, 온타리오 및 퀘벡에서의 캐나다 탐사 비용에 사용될 예정이며, 비유체전도기금은 운영 자본의 필요를 지원할 것입니다.
회사는 중개 수수료로 $20,999.98를 지불하고 465,666개의 중개인 워런트를 발행하였습니다. 모든 유가는 법정 보유 기간과 TSX 벤처 거래소의 승인을 받아야 합니다.
Falcon Gold Corp. (TSXV:FG) a réussi à clôturer la troisième tranche de son placement privé sans intermédiaire, levant $380,025.20 grâce à l'émission de 6,666,660 unités flow-through du Québec à $0.045 par unité et 2,286,442 unités non flow-through à $0.035 par unité.
Dans l'ensemble des trois tranches, la société a levé un total de $975,025.17, émettant 14,000,000 FT Units, 6,666,660 QFT Units et 3,286,442 NFT Units. Les produits des unités flow-through financeront les dépenses d'exploration au Canada à Terre-Neuve, en Ontario et au Québec, tandis que les fonds non flow-through soutiendront les besoins en fonds de roulement.
La société a payé $20,999.98 en frais de négociant et émis 465,666 bons de souscription. Toutes les valeurs mobilières sont soumises à une période de blocage légale et à l'approbation de la TSX Venture Exchange.
Falcon Gold Corp. (TSXV:FG) hat erfolgreich die dritte Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $380,025.20 durch die Ausgabe von 6,666,660 Quebec Flow-Through-Einheiten zu je $0.045 pro Einheit sowie 2,286,442 Nicht-Flow-Through-Einheiten zu je $0.035 pro Einheit gesammelt.
Insgesamt hat das Unternehmen in allen drei Tranchen $975,025.17 gesammelt und 14,000,000 FT Units, 6,666,660 QFT Units und 3,286,442 NFT Units ausgegeben. Die Einnahmen aus den Flow-Through-Einheiten werden die kanadischen Erkundungsausgaben in Neufundland, Ontario und Quebec finanzieren, während die Nicht-Flow-Through-Mittel die Betriebskapitalbedarfe unterstützen werden.
Das Unternehmen hat $20,999.98 an Finders Fees bezahlt und 465,666 Finder Warrants ausgegeben. Alle Wertpapiere unterliegen einer gesetzlichen Haltefrist und der Genehmigung der TSX Venture Exchange.
- Successful oversubscription of private placement raising $975,025.17
- Secured funding for exploration activities across multiple Canadian provinces
- Extended warrant terms up to 4 years for NFT Unit holders
- Dilution of existing shareholders through new share issuance
- Additional costs incurred through finder's fees ($20,999.98 plus warrants)
VANCOUVER, BC / ACCESSWIRE / January 6, 2025 / Falcon Gold Corp. (TSXV:FG)(FRA:3FA) ("Falcon" or the "Company") announces that it has closed the third tranche of its previously announced non-brokered private placement by issuing 6,666,660 Quebec flow-through units (the "QFT Units") at
In the three Tranches, the Company has raised a total of
Each FT Unit consists of one common share of the Company issued as a "flow-through share" and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one Common Share at a price of
Each QFT Unit consists of one common share of the Company issued as a "flow-through share" and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one Common Share at a price of
Each NFT Unit consists of one non-flow-through share of the Company (a "NFT Share") and one share purchase warrant (a "NFT Unit Warrant"). Each NFT Unit Warrant entitles the holder thereof to acquire one Warrant Share at an exercise price of
The gross 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, Ontario and Quebec. The gross 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 Third Tranche, the Company paid finder's fees consisting of
The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
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
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