US$10 million Private Placement with US Strategic Investor Falcon Oil & Gas Ltd.
(“Falcon” or the “Company”)
US$10 million Private Placement with US Strategic Investor
And
US$6 million Acquisition of Overriding Royalty Interest
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP (“Sheffield”) for a US$10 million private placement through the issue of 62,500,000 Common Shares (“the Placing Shares”) at a price of CAD$0.20 per share (“the Placing”). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon’s issued and outstanding Common Shares.
Falcon Oil & Gas Ltd. - US$10 million Private Placement with US Strategic Investor And US$6 million Acquisition of Overriding Royalty Interest