Falcon Gold Closes Second Tranche of Private Placement

Falcon Gold Corp., a company listed on both the TSX Venture Exchange and the Frankfurt Stock Exchange, has successfully closed the second tranche of its non-brokered private placement. This move involved the issuance of 9,000,000 flow-through units at $0.04 each, raising a total of $360,000. Each unit includes one common share and half a purchase warrant, with each whole warrant allowing the purchase of a common share at $0.08 over two years.

The proceeds will fund Canadian exploration expenses on Falcon's properties in Newfoundland, Ontario, and Quebec. The transaction excludes payments to related parties or investor relations activities. Finder's fees were settled with $25,200 in cash and 630,000 warrants, enabling the purchase of shares at $0.08 for two years. The Private Placement awaits TSX Venture Exchange approval.