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FALCO ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT
FALCO ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT Canada NewsWire ...
About this update from Falco Resources Ltd.
[{"type":"text","content":"\n \n \n \n FALCO ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V - FPC\n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 27, 2024\n \n \n /CNW/ - Falco Resources Ltd. (TSXV: FPC) (\"\n \n Falco\n \n \" or the \"\n \n Corporation\n \n \") is pleased to announce the closing of the first tranche (the \"\n \n First Tranche\n \n \") of its previously announced \"best efforts\" brokered private placement (the \"\n \n Offering\n \n \") with Red Cloud Securities Inc. (\"\n \n \n Red Cloud\n \n \n \"), acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the \"\n \n Agents\n \n \"). Under the First Tranche of the Offering, Falco has issued an aggregate of 4,058,269 units of the Corporation (the \"\n \n Units\n \n \") at a price of\n \n C$0.23\n \n per Unit and 4,464,286 flow-through shares of the Corporation (each, a \"\n \n FT Share\n \n \", and collectively with the Units, the \"\n \n Offered Securities\n \n \") at a price of\n \n C$0.28\n \n per FT Share, for aggregate gross proceeds of\n \n C$2,183,402\n \n .\n \n \n Each Unit consists of one common share (each, a \"\n \n Common Share\n \n \") of the Corporation and one half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant is exercisable to acquire one Common Share at a price of\n \n C$0.35\n \n at any time on or before that date which is 24 months after the closing date of the First Tranche of the Offering. Each FT Share consists of one Common Share issued as a \"flow-through share\" within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Income Tax Act\n \n \").\n \n \n The Corporation intends to use the ne...