Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) has arranged a non-brokered private placement to raise up to $300,000.
The placement includes five million flow-through (FT) units at $0.04 per unit and 2,857,143 non-flow-through (NFT) units at $0.035 per unit.
FT units include one share and half a warrant, exercisable at $0.08 for two years, while NFT units include one share and one warrant, exercisable at $0.05 for four years.
Proceeds will fund exploration in Ontario and general corporate purposes.