Falcon Gold (TSE:FG) has released an update.
Falcon Gold Corp. has successfully completed the initial phase of its non-brokered private placement, raising $450,000 through the issuance of 9 million flow-through shares. This capital will bolster the exploration and development of the company’s projects across British Columbia, Ontario, Newfoundland, and Quebec. The funds are allocated for Canadian Exploration Expenses, adhering to the Income Tax Act (Canada), with all securities from this tranche on a statutory hold as per Canadian laws.
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