Falco Pacific Resource Group

Falco Pacific Resource Group

May 15, 2013 17:32 ET

Falco Pacific Announces and Places $1.06 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2013) -


Falco Pacific Resource Group Inc. (the "Company") (TSX VENTURE:FPC) is pleased to announce that it has arranged and placed a non-brokered private placement of an aggregate of 2,670,500 flow-through common shares at a price of $0.40 per flow-through common share ("Flow-Through Shares") with 8 placees for total gross proceeds of $1,068,200. Closing of the Offering is subject to receipt of regulatory approvals, including the final approval of the TSX Venture Exchange. A cash finders fee in the amount of 5.5% on gross proceeds is payable on a certain portion of the private placement.

Net proceeds of the private placement will be used by the Company to fund exploration on the Rouyn-Noranda Project in Quebec. The securities issued will be subject to a four-month hold period ending September 16, 2013 pursuant to applicable securities laws in Canada.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

About Falco Pacific Resource Group

Founded in 2012 with the acquisition of the 728 square km Rouyn-Noranda Project in Quebec, Falco Pacific is led by a veteran exploration team and is focused on the rapid evaluation of precious and base metal targets in one of the world's great mining camps.

For more information, please go to www.falcopacific.com.

On behalf of the board of directors of FALCO PACIFIC RESOURCE GROUP

Kelly Klatik, President and CEO

Cautionary Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements, such as the expected use of proceeds and estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Neither the 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 press release.

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