Falcon Natural Gas Completes Private Placement

Falcon Natural Gas Corp. (OTCBB:FNGC) has successfully completed a private placement of 1,500,000 shares of restricted stock at a price of $1.00 a share to a private investment group, raising gross proceeds to the Company of $1.5 million.

The funds have already been received in full. The placement is designed to strengthen the Company's balance sheet and has been used for financing Falcon's operations.

"We are very pleased to close this financing which allows Falcon to move forward with its plans," said Max Pozzoni, VP of Business Development, Falcon Natural Gas Corp. "We will continue to raise additional capital to finance exploration and development of our prospects."