There you have it. Burlingame Asset Management LLC picked up 20,000,000 shares.

Falcon Oil & Gas 87,049,999-share private placement

2011-04-14 16:29 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 24, 2010, and Jan. 11, 2011:

Number of shares: 87,049,999 shares

Purchase price: 15 cents per share

Warrants: 65,287,500 share purchase warrants to purchase 65,287,500 shares

Warrant exercise price: 18 cents for a three-year period

Hidden placees: five placees

Insiders:

Burlingame Asset Management LLC (Blair Sanford) 20 million,

Ruby Blue Ltd. (Igor Akhemerov) 38 million

Gregory Smith 400,000

Robert Macaulay 300,000

Daryl Gilbert one million

Roderick Wallis 250,000

John Craven 500,000

Finder's Fee: $149,100 payable to Mueller & Co. LLC

http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=37598&NOTICE_ID=162260&CORRECTION_FLG=N&HC_FLAG1=checked