Non-brokered offering funds exploration; shares sold at C$0.32 apiece
By Devika Patel
Knoxville, Tenn., Dec. 21 – Falco Resources Ltd. said it increased its non-brokered private placement of stock to C$3.3 million from C$2.5 million. The deal priced on Dec. 17.
The company is selling flow-through common shares at C$0.32 per share, a 28% premium to the Dec. 16 closing share price of C$0.25.
Osisko Gold Royalties Ltd. plans to participate.
Settlement is expected Dec. 29.
Proceeds will be used for exploration at the Horne 5 Project.
The gold and base metals explorer is based in Vancouver, B.C.
| Issuer: | Falco Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3.3 million
|
| Price: | C$0.32
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Osisko Gold Royalties Ltd.
|
| Pricing date: | Dec. 17
|
| Upsized: | Dec. 21
|
| Settlement date: | Dec. 29
|
| Stock symbol: | TSX Venture: FPC
|
| Stock price: | C$0.25 at close Dec. 16
|
| Market capitalization: | C$24.93 million
|
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