Falcon Oil & Gas Ltd. Completes $173 Million Financing
Falcon Oil & Gas Ltd. (TSX-V:FO), a corporation in the business of oil and gas exploration, completed an equity offering of 43,000,000 common shares at a price of $3.50 per common share, for total gross proceeds of $150,500,000. An additional $22,575,000 was raised through the issuance of 6,450,000 common shares pursuant to the exercise of the over-allotment option granted to the agents in respect of the offering. Falcon intends to use the proceeds of the offering for the exploration and development of the company’s projects in Hungary and Romania, and for general corporate and working capital purposes. The international syndicate of agents co-led by MGI Securities Inc. and Mirabaud Securities Limited and included Knight Capital Markets LLC, Bridgewell Limited, Dundee Securities Corporation, Sanders Morris Harris Inc. and Orion Securities Inc.
Wildeboer Dellelce LLP represented the agents with a team that included Derek Sigel, James Brown and Ashleigh Frankel (corporate/securities).
Latest News



