Falcon Gold $FG TSX.V Closes First Tranche of Private Placement

Falcon has closed a first tranche of the previously announced $600,000 private placement for gross proceeds of $191,225 and issued 2,549,666 Units logo-falcon-319x150-2priced at $0.075 per Unit. Each Unit is one common share and 1/2 warrant, priced at $0.10 per share for the first 12 months or at a price of $0.20 per share for the 12 months thereafter.

Proceeds from this financing will be used for exploration and development work on the New York Canyon project and for general corporate purposes.

 

Falcon’s CEO Stephen Wilkinson Speaks with ABN Newswire at PDAC 2015 in Toronto

2014-10-14 16.40.46Stephen Wilkinson, CEO of Falcon Gold CVE:FG, was interviewed by ABN Newswire at the PDAC 2015 in Toronto.

Click here to watch the video:  Stephen Wilkinson Interview with ABN Newswire

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Nancy

Falcon FG Announces $600,000 Private Placement and Update on NY Canyon Property, Mineral County, Nevada

Falcon Gold (CVE:FG) announced a non-brokered private placement of up to 8M units priced at $0.075 per Unit for total gross proceeds of $600,000. Each unit will consist of one common share and one-half warrant priced at $0.10 per share for the first 12 months and $.020 per share for the 12 months thereafter.

Proceeds will be used to advance its exploration and development work on the New York Canyon project, continued exploration activities on its Washington silver project, and general corporate purposes.

To view an updated Corporate Presentation that includes preliminary 3-D modeling and illustrated drillhole data, visit our website at: www.falcongold.ca

Nancy Massicottelogo-falcon-319x150-2

 

Falcon Gold FG.V Updates 2014 Activities and Outlines Work Programs for Nevada and Washington Properties

Falcon finalized the New York Canyon Nevada copper project agreement and completed all required payments pursuant to the transaction in August and closed the final tranche of an over-subscribed $706,000 financing.

To date, 188 drill holes totaling approximately 128,000 feet have been completed on the New York Canyon copper property. Much of the historical drill core and cuttings are well preserved and stored on the property.

In 1977, Conoco reported an estimated (non-compliant) resource of 142 million tons of 0.35% Cu and 0.015% Mo, based on 107 drill holes totaling approximately 98,433 feet. Results from a Conoco drill hole, (MN-42) completed in 1977 on the Copper Queen zone, returned assays over a length of 1,040 feet (317 m) that averaged 0.41% Cu, 0.012% Mo and 4 ppm Ag. This “sulphide” zone represents a significant porphyry-style target.

www.falcongold.ca

Nancy