Business
Falco Announces Increase to Previously Announced Best Efforts Flow-through Financing to C$8 Million
Falco Announces Increase to Previously Announced Best Efforts Flow-through Financing to C$...
About this update from Falco Resources Ltd.
[{"type":"text","content":"\n\n\n\nFalco Announces Increase to Previously Announced Best Efforts Flow-through Financing to C$8 Million\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\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Dec. 1, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\nStock Symbol: FPC: TSXV                                                                            \n\n\n\nMONTREAL, Dec. 1, 2017 /CNW/ - Falco Resources Ltd. (\"Falco\" or the \"Company\") (TSX VENTURE: FPC) is pleased to announce that, due to increased demand, it has entered into an amending agreement with a syndicate of agents led by Canaccord Genuity Corp. and including Desjardins Securities Inc. and Raymond James Ltd. (collectively the \"Agents\") to complete a private placement financing (the \"Offering\"), on a best efforts basis, of up to 6,780,000 flow-through common shares (\"Flow-Through Shares\") of the Company at an issue price of C$1.18 per Flow-Through Share for proceeds of up to approximately C$8 million. \n\n\n \n \n\n \nThe Agents will have the option, but not the obligation, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to increase the size of the Offering by up to an additional 423,730 in Flow-Through Shares at the Flow-Through Share issue price. \n\nThe proceeds from the issuance of Flow-Through Shares will be used for Canadian Exploration Expenses (CEE), and will qualify as \"flow-through mining expenditures\" under the Income Tax Act (Canada), and also qualify for the two 10% enhancements under the Taxation Act (Quebec), which will be renounced t...