Quebec PE investors invest $10.8M in Falco Resources

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 Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

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.