Falco Resources Targets C$5 Million in Private Placement

Falco Resources (TSE:FPC) has released an update.

Falco Resources Ltd. announces a private placement aiming to raise up to C$5 million, with Red Cloud Securities Inc. leading the effort alongside other agents. The funds are designated for advancing the Horne 5 Project in Quebec and general corporate purposes, with a portion allocated for exploration expenses as ‘flow-through shares’ to benefit from specific tax incentives. The offering, which includes common shares and warrants, is expected to close around June 27, 2024.

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