Falco Pacific Resource Group Inc. Increases Private Placement to $1.7 Million
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - June 11, 2013) - Falco Pacific Resource Group Inc. (the "Company") (TSX VENTURE:FPC) is pleased to announce that in order to satisfy additional demand it has increased the size of its private placement financing to up to 6,800,000 units of the Company at a price of $0.25 per unit ("Unit") for aggregate gross proceeds of up to $1,700,000. Each Unit consists of one common share and one half common share purchase warrant in the Company. Each warrant entitles the holder thereof to purchase one additional common share at a price of $0.45 per common share for a period of 18 months from the closing of the private placement, subject to an acceleration clause.
The Offering is scheduled to close on our about June 14, 2013. Closing of the Offering is subject to receipt of regulatory approvals, including the final approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.
About Falco Pacific Resource Group
Founded in 2012 with the acquisition of the 728 square km Rouyn Noranda Project in Quebec, Falco Pacific is led by a veteran exploration team and is focused on the rapid evaluation of precious and base metal targets in one of the world's great mining camps.
For more information, please go to www.falcopacific.com.
On behalf of the board of directors of FALCO PACIFIC RESOURCE GROUP
Kelly Klatik
President and CEO
Cautionary Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements, such as the expected use of proceeds and estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contact
Falco Pacific Resource Group
Mr. Dean Linden, Business Development
+1.604.638.1429
info@falcopacific.com
www.falcopacific.com