Falcon Gold Corp Closes Final Tranche of Private Placement

Falcon Gold Corp (TSX-V:FG), based in Vancouver, has announced the closing of the final tranche of its non-brokered private placement, issuing 5,315,167 units at $0.03 each, for a total of $159,455.01. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.05 for five years. The company has also paid $2,100 in finder's fees and issued 70,000 warrants to Raymond James Ltd.

The private placement has raised a total of $224,455.02 from 7,481,834 units. The funds raised will be used for general expenses and exploration of the company's Canadian projects, split equally. All securities issued are subject to a four-month hold period. The final closing is subject to approval from the TSX Venture Exchange.