Falcon Gold arranges $300,000 private placement

Executive Summary

• Falcon Gold Corp. announced a non‑brokered private placement of up to 15 million units at $0.02 per unit, targeting gross proceeds of up to $300,000.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at $0.05 for five years.
• Proceeds will be used for general working capital, advancing the company’s Canadian gold and critical‑metals portfolio, and other corporate development initiatives.

Key Details

• Offering size: Up to 15 million units (each = 1 common share + 1 warrant).
• Price per unit: $0.02 (two cents).
• Maximum gross proceeds: $300,000.
• Warrant terms: One‑for‑one purchase warrant at $0.05 exercisable for five years from issuance date.
• Use of proceeds: General working capital; advancement of Canadian gold and critical metals projects; corporate development initiatives.
• Regulatory notes: All securities subject to a statutory four‑month‑and‑one‑day hold period; offering requires TSX Venture Exchange approval; finders’ fees may be paid where permitted.

Notable Quotes

(No direct quotes were provided in the release.)