Non-brokered deal offers units with half-share warrants at C$0.25 each
By Devika Patel
Knoxville, Tenn., June 5 - Falco Pacific Resource Group Inc. said it has arranged a C$1.25 million non-brokered private placement of units.
The company will sell 5 million units of one common share and one half-share warrant at C$0.25 per unit.
Each whole warrant will be exercisable at C$0.45 for 18 months. The strike price is a 40.63% premium to C$0.32, the June 4 closing share price.
Proceeds will be used for operating and exploration expenses 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: | Units of one common share and one half-share warrant
|
| Amount: | C$1.25 million
|
| Units: | 5 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | June 5
|
| Stock symbol: | TSX Venture: FPC
|
| Stock price: | C$0.32 at close June 4
|
| Market capitalization: | C$14.41 million
|
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