Falkirk Amends Proposed Private Placement to Raise up to $3,000,000

Falkirk Resources Corp. (TSX VENTURE:FLK) announced today that it has changed
the terms of its proposed non-brokered private placement as announced May 4,
2012. Due to market conditions, the Company has reduced the issue price to $0.05
per unit, for up to 60,000,000 units (the "Units") for aggregate proceeds of up
to $3,000,000. The Company expects to close the private placement within thirty
(30) days.


Each Unit consists of one common share of the Company and one non-transferable
share purchase warrant; each warrant will entitle the purchaser to purchase an
additional common share at a price of $0.10 per share for a period of
twenty-four months following the closing of the offering. The net proceeds of
the financing will be added to working capital.


Shares acquired by the placees, and shares which may be acquired upon the
exercise of the share purchase warrants, will be subject to a hold period of
four months plus one day from the date of closing of the offering in accordance
with applicable securities legislation. 


The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS OF FALKIRK RESOURCES CORP.

Karl Kottmeier, President

Falkirk Resources Corp. (TSXV:FLK)
過去株価チャート
から 5 2024 まで 6 2024