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FALCON GOLD CORP. (OTC: FGLDF) (TSX-V: FG) (3FA: GR); (“Falcon” or the “Company”) is pleased to report the TSX Venture Exchange has accepted and approved the option to acquire up to a 100% interest in the Esperanza Gold, Silver, Copper minerals concessions located in La Rioja Province, Argentina.
The New Option Agreement
Under the Agreement to earn its initial 80% interest, the Company has agreed to make payments to the Vendors over a four-year option period totalling 500,000 Falcon common shares and 500,000 share purchase warrants. Each Warrant will entitle the Vendor to purchase one Falcon common share for a period of 12 months for a purchase price set on each date of issue at 125% of the closing price for Falcon shares traded on the Toronto Venture Exchange. During the four-year option period, Falcon is to make minimum expenditures on the Property amounting to US$350,000.
Falcon Gold Corp: Falcon Reports Regulatory Acceptance of Option Agreement on Esperanza Gold/Silver/Copper Project in La Rioja, Argentina
FALCON GOLD CORP.
(FG:TSX-V), (3FA:GR), (FGLDF:OTC PINKS); ( Falcon or the Company ) is pleased to report the TSX Venture Exchange has accepted and approved the option to acquire up to a 100% interest in the Esperanza Gold, Silver, Copper minerals concessions located in La Rioja Province, Argentina.
The New Option Agreement
Under the Agreement to earn its initial 80% interest, the Company has agreed to make payments to the Vendors over a four-year option period totalling 500,000 Falcon common shares and 500,000 share purchase warrants. Each Warrant will entitle the Vendor to purchase one Falcon common share for a period of 12 months for a purchase price set on each date of issue at 125% of the closing price for Falcon shares traded on the Toronto Venture Exchange. During the four-year option period, Falcon is to make minimum expenditures on t
VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / FALCON GOLD CORP. (TSXV:FG)(FRA:3FA)(OTC PINK:FGLDF); ("Falcon" or the "Company") is restating its announcement respecting the new agreement to acquire
Falcon Gold Corp: Falcon Renegotiates its Agreement for Esperanza Gold/Silver/Copper Project in La Rioja, Argentina
FALCON GOLD CORP.
(TSXV:FG)(GR:3FA)(OTC PINK:FGLDF); ( Falcon or the Company ) is pleased to announce it has signed a renegotiated agreement for the right to acquire up to a 100% interest in the ERSA mineral concessions located in La Rioja Province, Argentina. The concessions are held by Esperanza Resources S.A. and Mr. Rojnica Ivo (the Vendors ). The Agreement is subject to TSX Venture Exchange approval.
The Property
The ERSA Property comprises seven (7) mineral concessions covering an aggregate area of 11,072 hectares ( ha ). The concessions are road accessible, located about 20 kilometres ( km ) south-southeast of the town of Chepes within the renowned Sierra de Las Minas District of southern La Rioja province. The District is reported to host several past producing gold and silver mines. The city of San Juan is about 250 km by paved highway to the west-southw