FALCO ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT

TSX.V - FPC

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, June 27, 2024 /CNW/ - Falco Resources Ltd. (TSXV:FPC.VN) ("Falco" or the "Corporation") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced "best efforts" brokered private placement (the "Offering") with Red Cloud Securities Inc. ("Red Cloud"), acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the "Agents"). Under the First Tranche of the Offering, Falco has issued an aggregate of 4,058,269 units of the Corporation (the "Units") at a price of C$0.23 per Unit and 4,464,286 flow-through shares of the Corporation (each, a "FT Share", and collectively with the Units, the "Offered Securities") at a price of C$0.28 per FT Share, for aggregate gross proceeds of C$2,183,402.