Falcon Gold Corp. announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 150,000 on October 17, 2023. Each unit consists of one common share and one share purchase warrant.

Each warrant is exercisable into an additional share at a price of CAD 0.05 per share for a period of two years. The transaction is subject to the approval of the TSXV.