March 8, 2021
The TSX Venture Exchange has accepted for filing the Gaspard property purchase agreement dated Jan. 27, 2021, between Falcon Gold Corp. and Yeomans Geological Inc. (the vendor), whereby the company has acquired the 100-per-cent right, title and interest in and to three mineral claims (totalling 3,955.15 hectares), known as the Gaspard claims, located in the Clinton mining district in central British Columbia. Consideration is $15,000 cash, 200,000 units and $34,000 in work expenditures. The vendor retains a 2-per-cent net smelter return (NSR) royalty.
Consideration: $15,000 cash, 200,000 shares and 200,000 warrants, and $34,000 in work expenditures
Each warrant is exercisable into one common share at a price of 20 cents for a period of two years.
For more information, please refer to the company’s news release dated Feb. 4, 2021.