Wednesday, November 17, 2010

FO announces Closing of FO Australia Private Placement

DENVER, Nov. 17 /CNW/ - Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") announces today that, further to its press release of June 3, 2010, its 73.1% owned subsidiary, Falcon Oil & Gas Australia Limited ("Falcon Australia") has received subscriptions to its previously announced offering for gross proceeds of $1,217,578.00. The offering is expected to close imminently. Following closing Falcon will own 72.7% of Falcon Australia.

Source: CNW Group