Vancouver, B.C., December 29, 2015. FALCON GOLD CORP. (FG: TSX-V) (“Falcon” or the “Company”) announces that it is proposing to consolidate its shares outstanding on a 5 for 1 basis. Particulars of the share consolidation to be voted on by shareholders at the Company’s AGM being held January 14, 2016, have been outlined in a special resolution in the Company’s recently distributed Information Circular. The Company currently has 42,185,496 common shares issued and outstanding. Subject to shareholder approval and exchange acceptance, the post-consolidation shares outstanding would be 8,437,099. The exercise price and number of common shares issuable pursuant to all outstanding stock options and warrants will also be adjusted in accordance with the consolidation ratio.
Management and Directors believe the share consolidation is in the best interests of all of the stakeholders and should be completed in order to facilitate and secure additional financing and new project opportunities.
About Falcon Gold Corp.
Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas
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