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Falco raises C$28.8M to advance Horne 5 gold deposit

Falco Resources Ltd. raised gross proceeds of C$28.8 million, against the original goal of C$25.0 million.

Under the bought-deal offering, the company issued 22,287,000 units at a price of C$1.29 per unit, according to the June 7 release.

The net proceeds of the offering will be used to advance the company's Horne 5 gold deposit in Quebec.