on Falcon Gold Corp (isin : CA3060442074)
Falcon Gold Corp. Closes First Tranche of Private Placement
Falcon Gold Corp. has successfully closed the first tranche of its previously announced non-brokered private placement. The company issued 5,000,000 flow-through units (FT Units) at $0.04 each and 1,000,000 non flow-through units (NFT Units) at $0.035 each, raising a total of $235,000.
FT Units include one flow-through share and half a share purchase warrant, allowing holders to acquire non flow-through shares at $0.08 each for two years. NFT Units comprise one non flow-through share and one purchasing warrant, with an exercise price of $0.05 for four years.
The funds from FT Units are designated for Canadian exploration expenses in Newfoundland, while NFT Unit proceeds will be used for general corporate purposes. The transaction involved payment of finder's fees, including $16,450 and 420,000 finder's warrants.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Falcon Gold Corp news