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Abu Dhabi, United Arab Emirates -- March 25, 2025 -- NewsGenie --Falcon Energy Materials plc (TSX-V: FLCN) announced the upsize and closing of its non-brokered private placement. The placement increased from 10,000,000 units to 10,874,832 units, raising gross proceeds of C$6,524,900. Each unit comprises one ordinary share and one non-transferable share purchase warrant, with each warrant allowing the holder to purchase an additional share at C$0.75 for 36 months.
"We are extremely pleased with the strong investor confidence," said Falcon CEO Matthieu Bos, thanking existing shareholders and welcoming new ones. Key investors include the La Mancha Fund and the Commodity Discovery Fund.
The proceeds will fund strategic projects in Morocco and Guinea and for working capital. Securities issued under the Private Placement are subject to a four-month hold period until July 25, 2025. No commissions were paid.
La Mancha Fund's participation is irrevocable but subject to shareholder approval at the next AGM (on or before June 9, 2025). Approval is needed for the sale of units to La Mancha and for La Mancha becoming a control person of the company.
The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
Falcon aims to be a fully-integrated supplier of battery anode material, with a high-purity graphite mine in Guinea and a conversion facility in Morocco.
Forward-looking statements involve risks, and actual results may differ.
Falcon Energy Upsizes Private Placement to $6.5 Million
Abu Dhabi, United Arab Emirates -- March 25, 2025 -- NewsGenie --Falcon Energy Materials plc (TSX-V: FLCN) announced the upsize and closing of its non-brokered private placement. The placement increased from 10,000,000 units to 10,874,832 units, raising gross proceeds of C$6,524,900. Each unit comprises one ordinary share and one non-transferable share purchase warrant, with each warrant allowing the holder to purchase an additional share at C$0.75 for 36 months.
"We are extremely pleased with the strong investor confidence," said Falcon CEO Matthieu Bos, thanking existing shareholders and welcoming new ones. Key investors include the La Mancha Fund and the Commodity Discovery Fund.
The proceeds will fund strategic projects in Morocco and Guinea and for working capital. Securities issued under the Private Placement are subject to a four-month hold period until July 25, 2025. No commissions were paid.
La Mancha Fund's participation is irrevocable but subject to shareholder approval at the next AGM (on or before June 9, 2025). Approval is needed for the sale of units to La Mancha and for La Mancha becoming a control person of the company.
The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
Falcon aims to be a fully-integrated supplier of battery anode material, with a high-purity graphite mine in Guinea and a conversion facility in Morocco.
Forward-looking statements involve risks, and actual results may differ.