11:17 AM EDT, 10/17/2025 (MT Newswires) -- Falco Resources ( FPRGF ) said Friday that it closed a bought deal private placement to raise $13.1 million in proceeds.

Under the offering, Falco issued 41,005,000 units at $0.32 apiece. Each unit comprises of one share and one-half of a warrant. Each warrant can be exercised at $0.46 per share by April 17, 2027.

The company plans to use the proceeds to advance its Horne 5 project in Quebec, as well as for working capital and general corporate purposes.

Falco traded 1.5% lower at last look to $0.33 per share on the TSX Venture Exchange.

Price: 0.33, Change: -0.01, Percent Change: -1.52