Falco Announces Bought Deal Private Placement for Gross Proceeds of $10 Million

Executive Summary

• Falco Resources Ltd. entered into a bought‑deal private placement agreement with Cantor Fitzgerald Canada Corp., pricing 31,250,000 units at $0.32 each for gross proceeds of $10 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant gives the right to buy one share at $0.46 up to 18 months after closing).
• The net proceeds will be used to advance the Horne 5 Project in Québec, as well as for working capital and general corporate purposes.

Key Details

• Underwriters: Cantor Fitzgerald Canada Corp. (lead underwriter & sole bookrunner) with a syndicate of underwriters.
• Units Offered: 31,250,000 units at $0.32 per unit → Gross proceeds: $10,000,000.
• Unit Composition:
• 1 common share per unit.
• ½ warrant per unit (i.e., two units equal one whole warrant).
• Warrant Terms: Each whole warrant allows purchase of one common share at an exercise price of $0.46, exercisable any time up to 18 months after the closing date.
• Option for Additional Units: Underwriters may increase the offering by up to 4,687,500 units on identical terms for additional gross proceeds of $1,500,000; notice must be given at least 48 hours before the closing date.
• Closing Date: Anticipated on or about October 17, 2025, subject to customary conditions (including TSX Venture Exchange approval).
• Use of Proceeds: Primarily to fund advancement of the Horne 5 Project in Québec; remaining funds allocated to working capital and general corporate purposes.
• Eligibility: Units offered privately to accredited investors in Canada and, where permissible, to U.S. accredited investors under Regulation D and other jurisdictions per applicable exemptions.
• Holding Period: Common shares issued from the units will be subject to a lock‑up of four months plus one day from issuance.

Notable Quotes

• “The capital raised through this private placement will accelerate development at our flagship Horne 5 project and strengthen our balance sheet,” – Luc Lessard, President & CEO, Falco Resources Ltd.