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Falcon Energy Materials PLC Closes Upsized C$6.52 Million Private Placement To Advance Strategic Projects
(TheNewswire) Abu Dhabi, United Arab Emirates, March 25, 2025 – TheNewswire ...
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"Falcon Energy Materials PLC Closes Upsized C$6.52 Million Private Placement To Advance Strategic Projects\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Abu Dhabi, United Arab Emirates,\nMarch 25, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Falcon Energy Materials plc\n \n\n (TSX-V: FLCN) (“\n \n\n Falcon\n \n\n ” or the “\n \n\n Company\n \n\n ”) is\npleased to announce the upsize of its previously announced\nnon-brokered private placement (the “\n \n\n Private Placement\n \n\n ”)\nfrom 10,000,000 units (the “\n \n\n Units\n \n\n ”) of Falcon, at a price of C$0.60 per\nUnit, to 10,874,832 Units for gross proceeds of C$6,524,900 and the\nclosing thereof on March 24, 2025.\n \n\n\n\n Each Unit is comprised of one ordinary share of the\nCompany (a “\n \n\n Share\n \n\n ”) and one non-transferable share\npurchase warrant (a “\n \n\n Warrant\n \n\n ”). Each Warrant grants the holder\nthe right to purchase one additional Share (a “\n \n\n Warrant Share\n \n\n ”) at\na price of C$0.75 per Warrant Share for a period of 36 months from the\ndate of closing.\n \n\n\n\n “We are extremely pleased with the\nstrong investor confidence demonstrated by the successful closing of\nthis Private Placement,\n \n\n\n\n ”\n \n\n said Matthieu Bos, Chief Executive Officer of Falcon. “We extend\nour sincere gratitude to our existing shareholders for their continued\nsupport and are excited to welcome many new shareholders today. The\nsignificant backing from the La Mancha Fund, the Commodity Discovery\nFund, and our technical partner underscores the strength of our\nstrategy and validates our development plans for 2025.”\n \n\n\n\n The proceeds from the Private Placement will be used to\nadvance the development of the Company’s strategic projects in\nMorocco and Guinea, as well as for general working capital\nrequirements. All securities issued under the Private Placement will\nbe subject to a statutory four-month hold period in accordance with\napplicable Canadian securities laws until July 25, 2025. Notably, no\ncommissions were paid in connection with the Private Placement.\n \n\n\n\n The participation of La Mancha Fund SCSp (acting via\nits wholly owned subsidiary, “\n \n\n La Ma...