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
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. The company is focused on discovering, acquiring,
and maturing a globally diversified portfolio with a goal of maximizing
shareholder value through strategic relationships. Additional
information concerning Falcon Oil & Gas Ltd. is available at
www.falconoilandgas.com. Investor inquiries may be directed to
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.
SOURCE Falcon Oil & Gas Ltd.
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