Falcon Gold Corp (TSX-V:FG, OTC:FGLDF) announced that it has closed the second tranche of its non-brokered private placement, issuing 9 million flow-through units at $0.04 per unit, raising $360,000 in gross proceeds.
Each unit consists of one flow-through share and one-half of a common share purchase warrant.
The funds will be used for exploration activities in Newfoundland, Ontario, and Quebec.
The company also paid finder's fees of $25,200 and issued 630,000 finder's warrants