Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, October 14, 2011
Falcon Oil &;; Gas Ltd. Issues Shares to Employees and Completes Private Placement
October 14, 2011 19:49 ET
Falcon Oil & Gas Ltd. Issues Shares to Employees and Completes Private Placement
DENVER, COLORADO--(Marketwire - Oct. 14, 2011) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO) (the "Company") announces today that it has issued a total of 676,800 common shares in the capital of the Company ("Common Shares") to employees as a bonus for services. Also today, the Company completed a private placement for a total of 660,900 Common Shares. Each Common Share was issued for a subscription price of $0.15 per Common Share. The full private placement was subscribed for by insiders of the Company.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO". The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon's filings with the Canadian securities regulators, which filings are available at [ www.sedar.com ].
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 release.
