> Is it even worth a try?

Hmm…, you’ll never know unless you tried.

Probably they’ll tell you that they’re in the midst of talks with the participating investors, and reiterate details we all ready know from the November 24, 2010 transaction.

“Falcon Oil & Gas Ltd. (TSXV: FO) announced a private placement of 420,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 63,000,000 on November 24, 2010. Each unit will consist of one common share and three quarters of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share at an exercise price of CAD 0.18 for a period of three years from the private placement closing date. The ... funding will involve the participation of two new investors, the Orient Group Energy Investment Holding Co. Ltd. and Leisuo Trading Holding Company, as well as certain existing shareholders of the company including funds managed by Burlingame Asset Management LLC and Soliter Holdings Corp. controlled by the Renova Group. Existing major shareholders will be subscribing, in total, for more than 36% of the transaction of which 25% of the transaction is from insiders. It is expected that on the closing date each of the new investors will own greater than 10% of the common shares. All securities issued will be subject to a four-month hold period from the closing date. Mueller & Co. LLP acted as financial adviser to the company in connection with the transaction.”