Falcon Gold Extends Payment Terms for Fenton Property
06.09.2012 | Marketwire
SUDBURY, ONTARIO -- (Marketwire - Sept. 6, 2012) - Falcon Gold (TSX VENTURE:FG) is pleased to announce the extension of payment terms with respect to its Fenton Property. The option agreement dated September 6, 2011 originally announced in a press release on September 7, 2011 under which Falcon Gold can earn up to a 100% interest in the Fenton Property called for a cash payment and the issuance of shares and warrants of Falcon Gold on the first anniversary and the second anniversary of the option agreement.Falcon Gold has negotiated an extension of the payment terms so that the cash payment, issuance of shares and warrants of Falcon Gold will now occur on the second anniversary and the third anniversary of the date of the option agreement. As consideration for the extension of payment terms, Falcon Gold will issue to the optionor 25,000 common shares of Falcon Gold
The transaction is subject to TSXV approval.
About Falcon Gold Corp.
Falcon Gold Corp. is a Canadian mineral exploration company focussed on generating, acquiring, and exploring mining opportunities in the Americas.
On Behalf of the Board of Directors
FALCON GOLD CORP.
Edward Stringer, President, CEO and Director
Neither 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 release.
Contact
Falcon Gold Corp.
Timea Carlsen
778-998-2473
timea.carlsen@falcongold.ca
www.falcongold.ca