On February 21, 2024, Falcon Gold Corp. closed the transaction. The company issued 5,315,167 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 159,455.01 in its final tranche. In connection with the final tranche, the company paid finder?s fees consisting of CAD 2,100 cash and 70,000 finder?s warrants to Raymond James Ltd. Pursuant to the Private Placement, the company issued an aggregate 7,481,834 Units at CAD 0.03 per unit for aggregate gross proceeds of CAD 224,455.02. Final acceptance is subject to the TSX Venture Exchange.
On February 23, 2024, the company announced that the TSX Venture Exchange has accepted for filing documentation and the transaction included participation from four placees.