Non-brokered deal sells shares at C$0.40 apiece to fund exploration
By Devika Patel
Knoxville, Tenn., May 15 - Falco Pacific Resource Group Inc. said it plans a C$1.07 million non-brokered private placement of stock.
The company will sell 2,670,500 flow-through common shares at C$0.40 each. The price per share is a 37.93% premium to the May 14 closing share price of C$0.29.
Proceeds will be used for exploration on the Rouyn-Noranda Project in Quebec.
The gold and base metals explorer is based in Vancouver, B.C.
| Issuer: | Falco Pacific Resource Group Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,068,200
|
| Shares: | 2,670,500
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 15
|
| Stock symbol: | TSX Venture: FPC
|
| Stock price: | C$0.29 at close May 14
|
| Market capitalization: | C$13.14 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
