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FINWIRES

Falcon Gold Launches C$350,000 Non-Brokered Private Placement

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Falcon Gold (FG.V) on Thursday afternoon announced a non-brokered private placement to raise up to C$350,000.

The financing consists of up to about 11.7 million units priced at C$0.03 per unit. Each unit includes one common share and one transferable share purchase warrant. Each warrant allows the holder to purchase one additional common share at C$0.05 for a period of three years from the date of issuance, the company said.

The company added that net proceeds to advance its Northwestern Ontario property portfolio and for general working capital. The private placement remains subject to TSX Venture Exchange approval and other closing conditions.

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