Falco Resources arranges $10-million private placement

Executive Summary

• Falco Resources Ltd. has entered into an agreement for a bought deal private placement of 31.25 million units at $0.32 per unit, raising gross proceeds of $10 million.
• Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.46 per share for 18 months.
• The company intends to use the net proceeds to advance the Horne 5 project in Quebec and for working capital and general corporate purposes.

Key Details

• Transaction Structure: Bought deal private placement led by Cantor Fitzgerald Canada Corp. as lead underwriter and sole bookrunner.
• Units Offered: 31.25 million units.
• Price: $0.32 per unit.
• Gross Proceeds: $10 million.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.46. Warrants are exercisable for 18 months from the closing date.
• Over-Allotment Option: Underwriters have an option to purchase up to an additional 4,687,500 units on the same terms, providing up to $1.5 million in additional gross proceeds. The option must be exercised via written notice up to 48 hours prior to the closing date.
• Use of Proceeds: Advancement of the Horne 5 project in Quebec, working capital, and general corporate purposes.
• Closing Date: Anticipated on or about October 17, 2025, subject to conditions including TSX Venture Exchange approval.
• Investor Eligibility: Offered to accredited investors in Canada (prospectus-exempt) and accredited investors in the United States (Rule 501(a) Regulation D exemption).
• Hold Period: Common shares issuable from the sale are subject to a hold period of four months plus one day from the date of issuance.