Falco Resources Ltd. (TSX-V: FPC) has raised $10.8 million from Ressources Québec inc., managed by Investissement Québec, Capital Croissance PME II, s.e.c. and SIDEX, s.e.c.
Falco issued 10,093,083 units at a price of $1.07 per unit for gross proceeds of $10,799,600. Each unit consists of one common share and one-half of one common share purchase warrant with each whole warrant exercisable for one share at $1.45 per share for a period of 18 months.
Falco Resources intends to use net proceeds to advance the dewatering program related to the development of the Horne 5 Deposit, for regional exploration and for general working capital.
photo credit: Falco Resources
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Link Global Technologies files for $1.5M IPO on CSE - January 17, 2019
- Altas Partners sells NSC Minerals to PE-backed Kissner Group - January 17, 2019
- K1 Investment’s PerfectServ acquires Telmediq - January 17, 2019