Falcon Gold Corp. has restated its non-brokered private placement to raise up to C$350,000 in gross proceeds, in accordance with the pricing requirements of the TSX Venture Exchange and further to its July 30, 2026 announcement.

Under the restated arrangement, Falcon Gold intends to issue up to 11,666,667 units at a price of C$0.03 per unit. Each unit consists of one common share and one transferable common share purchase warrant, entitling the holder to acquire an additional common share at an exercise price of C$0.05 for a period of three years from issuance.

R7 Investments Ltd., a company controlled by Falcon Gold Chief Executive Officer and director Karim Rayani, intends to subscribe for 1,000,000 units for an investment of C$30,000. Because of this participation, the financing constitutes a related-party transaction under Multilateral Instrument 61-101, though Falcon Gold expects to rely on exemptions from formal valuation and minority shareholder approval requirements.

Net proceeds from the financing will be directed toward advancing the company's Northwestern Ontario property portfolio — which includes the flagship Central Canada Gold Project located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit — and supporting general working capital. All securities issued under the placement will carry a statutory hold period of four months and one day from the closing date, with the offering remaining subject to customary closing conditions and the approval of the TSX Venture Exchange.

Falcon Gold plans to conduct a diamond drilling program consisting of up to 20 drill holes totaling approximately 2,500 metres at the Central Canada Gold Project.

Read the full announcement: FALCON GOLD CORP. RESTATES NON-BROKERED PRIVATE PLACEMENT