On May 19, 2020, Falcon Gold Corp. (TSXV:FG) closed the transaction. The company issued 2,096,634 units with each unit consisting of one common share at a price of CAD 0.075 cents per unit and one transferable share purchase warrant at CAD 0.10 per unit for gross proceeds of CAD 157,247.5. Each warrant has a term of 24 months following the closing date. This financing is subject to TSX Venture Exchange approval. The company has received acceptance from TSX Venture Exchange with respect to the filing made with the exchange. The transaction included participation from 7 placees. The transaction included participation from insider of the company, James Farley for 266,667 units. The company has received CAD 24,000 from a single investor pursuant to exemption provided under Regulation D.