Falcon Energy Materials plc announced a non-brokered private placement to issue 41,666,667 units at a price of CAD 0.60 per Unit for gross proceeds of CAD 25,000,000.2 on February 9, 2026. Each Unit will be comprised of one ordinary share and one non-transferable share purchase warrant. Each Warrant grants the holder the right to purchase, for a period of 36 months from the date of closing, one additional Share at a price of CAD 0.75 per Warrant Share.
The Private Placement will be subject to standard regulatory approvals and conditions, including but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange (the ?TSXV?). All securities issued under the Private Placement will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws. No commissions will be payable in connection with the Private Placement.
The Company expects that insiders of the Company may participate in the Private Placement.
