05:08 PM EDT, 10/14/2025 (MT Newswires) -- Falco Resources ( FPRGF ) after trade Tuesday announced that it is increasing its previously announced $10 million "bought deal" private placement. The upsized offering will now comprise 37.5 million units at $0.32 per unit for total gross proceeds of $12 million. This involves an additional 6,250,000 units.

A statement noted that each unit will include one common share and one-half of one warrant. Each full warrant entitles the holder to purchase one additional share at $0.46 per share, exercisable for a period of 18 months following the closing date.

Proceeds from the upsized offering, which is expected to close on or about October 17, 2025, are earmarked to advance its Horne 5 project in Quebec, as well as for general working capital and corporate taxes.

Shares of Falco Resources ( FPRGF ) were last seen trading at $0.34 on the TSX Venture Exchange.