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| Home : Falcon Closes 7,680,000 Unit Private Placement |
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Jul 28
2014 |
Falcon Closes 7,680,000 Unit Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2014) - Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") announces that it has closed a first tranche of its previously announced non-brokered private placement, for 7,680,000 Units priced at $0.05 for total gross proceeds of $384,000. Each Unit consists of one common share and one 2 year warrant. Each warrant will be exercisable for one common share at $0.10 during the first year or $0.12 during the second year. The units are subject to a four month hold period expiring on November 24, 2014. Finders' fees have been paid and consist of: $16,800, 70,000 Agents' warrants exercisable for common shares and 60,000 Agent's options exercisable for common share units on the same basis as the subscribers. |
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| Source:http://www.marketwired.com/mw/release.do?id=1933079&sourceType=3 |
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