Falcon Gold (FG) has formed a wholly-owned subsidiary Latamark Resources Corp.
Falcon Gold is currently evaluating a number of assets in Latin America to grow its exposure to opportunities outside of North America. The company intends to spinout its Argentine gold asset located in the renowned Sierra de Las Minas district of southern La Rioja province in San Juan. The district is reported to host several past-producing gold, silver, and mines.
Karim Rayani, Chief Executive Officer of Falcon Gold commented,
"This is a very exciting time for Falcon, we continue to search out opportunities both domestic and now international. Falcon is perfectly positioned as we continue to advance our Central Canada project, the company is eagerly awaiting assays from our 2nd phase of exploration at the high-grade Spitfire Sunny Boy combined with announcements coming from our Newfoundland expansion plans. Falcon continues to add value for stakeholders - we look forward to the coming weeks".
The company is preparing the necessary reporting requirements needed for shareholder approval. The spinout is subject to several conditions including board approval, and meeting TSX Venture requirements.
Falcon Gold is a Canadian mineral exploration company focused on acquiring, and exploring opportunities in the Americas.
Falcon Gold Corp. (FG) is currently trading at C$0.095 per share.