Business
Falco Announces Bought Deal Private Placement for Gross Proceeds of $10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Falco Resources Ltd.
[{"type":"text","content":"Falco Announces Bought Deal Private Placement for Gross Proceeds of $10 Million\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n MONTREAL, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX-V: FPC) (\"\n \n Falco\n \n \" or the \"\n \n Corporation\n \n \") is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), in connection with a bought deal private placement of 31,250,000 units (the \"\n \n Units\n \n \") at a price of $0.32 per Unit for aggregate gross proceeds of $10,000,000 (the \"\n \n Offering\n \n \").\n \n\n Each Unit will consist of one common share of the Corporation (each, a \"\n \n Common Share\n \n \") and one half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant shall entitle the holder to purchase one Common Share at a price of $0.46 at any time on or before that date which is 18 months after the Closing Date (as defined below).\n \n\n In addition, the Corporation will grant the Underwriters an option (the \"\n \n Option\n \n \") to increase the size of the Offering by up to an additional 4,687,500 Units on the same terms and conditions as the Offering for additional gross proceeds of $1,500,000, by giving written notice of the exercise of the Option, or a part thereof, to the Corporation at any time up to 48 hours prior to Closing Date.\n \n\n The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project in Québec as well as for working capital and general corporate purposes.\n \n\n The Offering is anticipated to close on or about October 17, 2025 (the \"\n \n Closing\n \n\n Date\n \n \"), or such other date as the Corporation and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.\n \n\n The Units are being offered by way of private placement in all of the provinces of Canada to investors who qualify as \"accredited investors\" under Canadian securities legislation or who are otherwise exempt from prospectus del...