Falcon's Finacial Statement and MD & A has been filed to SEDAR. Hopefully I be able to post the link tomorrow. Until then here are some highlights

FALCON AUSTRALIA OFFERING

In January 2010, Falcon Australia commenced the private placement sale of up 50 million shares of its common stock (“FA Share”) to sophisticated or professional investors within the meaning of sections 708(8) and 708(11) of the Corporations Act 2001 (Australia) pursuant to an Offer Memorandum (the “Offer”), at a price of $1.00 per FA Share with an attached option. Each option entitles the holder to acquire one additional FA Share in respect of each FA Share sold, exercisable at $1.25 for a period of three years from date of issue. The acting broker to the Offer received as a brokerage fee 6.5% of the funds raised in the Offer together with Options (on the same terms as issued to investors), calculated at 6.5% of the number of shares issued in the Offer. The July 31, 2010 closing date has been extended to September 30, 2010, and may be terminated earlier at the discretion of Falcon Australia.

In June 2010, Falcon Australia closed on initial gross proceeds from the Offer of $4,896,000 before costs of the offering of $588,000. The proceeds from the Offer are to be utilized for operations in Australia.

Subsequent to June 30, 2010, and as of July 31, 2010, an additional $775,000 of gross proceeds from the Offer has been received, and is being held in escrow by the acting broker.