The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Falcon Announces Private Placement Repricing

by November 14, 2023
November 14, 2023
Falcon Announces Private Placement Repricing

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the ‘Company’) announces that it has repriced its non-brokered private placement previously announced on October 17, 2023 (the ‘Private Placement’) and increased the number of units (‘Units’) offered.

The price per Unit of the Private Placement has been repriced from $0.025 per Unit to $0.03 per Unit and the gross proceeds has increased from up to $150,000 to $300,000. Accordingly, the number of Units offered has increased from up to 6,000,000 to 10,000,000.

Each Unit consists of one common share in the capital of the Company (‘Share’) and one Share purchase warrant (‘Warrant’). Each Warrant entitles the holder to purchase one additional Share for a period of two years from the date of issuance at a price of $0.05 per Share. The net proceeds from the Private Placement will be used for general working capital purposes.

Karim Rayani, CEO and director, intends to acquire 1,666,667 Units under the Private Placement, which participation would be considered to be a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The Private Placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day hold period from the closing date.

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. 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

Click here to connect with FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); to receive an Investor Presentation

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
October inflation report expected to show slower price growth
next post
Head lice DNA discovery reveals new details about first Americans

You may also like

Pharma Stocks: 5 Biggest Companies

Editor’s Picks: Gold Pulls Back, Experts Not Worried;...

Tech 5: Bitcoin Breaks US$100,000, Saylor’s MicroStrategy Loads...

Bangemall Ground EM Surveys Outline Multiple Norilsk-Style Drill...

Ontario’s Mining Act Facing Constitutional Challenge from 6...

Chilean Government Prioritises Laguna Verde for CEOL

Norfolk Metals Limited (ASX: NFL) – Trading Halt

What’s the Difference Between Bitcoin​ Spot and Futures...

ARway.ai Announces Large Rental Car Company Extends Its...

BPH Energy

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened...

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    • NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

    • US senators meet with Zelensky in Kyiv as doubt cast over upcoming Ukraine-Russia peace talks

    • Israel’s plan to ‘conquer’ Gaza is leaving Palestinians with little place to go: 5 maps show how

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,349)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top