FG Falcon Gold Corp

Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") announces that
it has closed a first tranche of its previously announced non-brokered private
placement, for 7,680,000 Units priced at $0.05 for total gross proceeds of
$384,000. Each Unit consists of one common share and one 2 year warrant. Each
warrant will be exercisable for one common share at $0.10 during the first year
or $0.12 during the second year. The units are subject to a four month hold
period expiring on November 24, 2014. Finders' fees have been paid and consist
of: $16,800, 70,000 Agents' warrants exercisable for common shares and 60,000
Agent's options exercisable for common share units on the same basis as the
subscribers.


Proceeds from this financing will be used to complete its due diligence on the
New York Canyon copper project (NR-June 09, 2014), continued exploration
activities on its Washington silver project, and general corporate purposes. The
Company anticipates the final closing for the offering to occur on or about
August 12, 2014.


About Falcon Gold Corp. 

Falcon Gold Corp. is a Canadian mineral exploration company focused on
generating, acquiring, and exploring opportunities in the Americas. Falcon holds
a 100% interest in the Washington Silver project that includes the past
producing Silver Bell Mine, and is located in the Republic Mining District,
northeastern Washington, USA. Falcon's 2012 drill results demonstrate the high
grade potential of this silver and gold project with an intersection of 167
grams per tonne (g/t) Ag over 36.5 m including a high grade intercept of 511.57
g/t Ag and 0.83 g/t Au over 9.14 m. 


Falcon's Burton Gold Property is located in the Swayze Greenstone Belt,
Northeastern Ontario, and is approximately 38 kms northwest of IAMGOLD
Corporation's Cote Gold Deposit. Drilling completed by Falcon during 2011
included 3.74 g/t Au over an intersection length of 9.96 m (including 10.98 g/t
Au over 2.17 m) and 3.25 g/t Au over an intersection length of 10.35 m
(including 5.65 g/t Au over 2.85 m). IAMGOLD Corporation has earned a 51%
interest in the Burton Property pursuant to an Option agreement with Falcon. 


On Behalf of the Board of Directors

FALCON GOLD CORP. 

David Tafel, Director

This news release may contain forward looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, etc. Forward looking
statements address future events and conditions and therefor, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Falcon Gold Corp.
David Tafel
Director
604-683-1991

Falcon Gold (TSXV:FG)
Historical Stock Chart
From Oct 2024 to Nov 2024

Falcon Gold (TSXV:FG)
Historical Stock Chart
From Nov 2023 to Nov 2024