Falco Resources Ltd. is pleased to announce the successful completion of its previously announced extension to the maturity of the Corporation’s existing senior secured loan with Osisko Gold Royalties Ltd. from December 31, 2020 to December 31, 2022. Senior Loan Amendment Under the terms of the extension of the maturity date of the Senior Loan , the Senior Loan was amended to become convertible after the first anniversary [...]
Falco Resources Ltd. announces that the seven nominees listed in the management information circular dated October 13, 2020, were elected as directors of Falco. Detailed results of the vote for the election of directors held at the annual meeting of shareholders on November 18, 2020 are set out below: ITEM No1 Nominee Votes Cast FOR Percentage of Votes Cast FOR Votes WITHHELD Percentage of Votes WITHHELD Benoit Brunet [...]
Falco Resources Ltd. is pleased to announce that it has entered into a binding agreement with Osisko Gold Royalties Ltd. in order to extend the maturity of the Corporation’s existing senior secured loan from December 31, 2020 to December 31, 2022. Together with capitalized interest, the principal amount outstanding under the Senior Loan as of November 17, 2020 is $17,596,136. Senior Loan Amendment In consideration for the [...]
Falco Resources Ltd. is pleased to announce that it launches its video on the Horne 5 Project in Rouyn-Noranda, Qu?bec. The video is now available on the Company’s website at https://www.falcores.com/en/investors/media/ and various social media platforms. The video presents the Horne 5 Project, which is located in the heart of Rouyn-Noranda, a vibrant city and the cradle of mining development in northwestern Quebec [...]
Falco Resources Ltd. is pleased to announce that it has entered into agreements with Glencore Canada Corporation and its affiliated companies related to its flagship Horne 5 Project, located in Rouyn-Noranda, Qu?bec. The agreements include a $10 million senior secured convertible debenture bridge financing to fund the continued advancement of the Horne 5 Project and life of mine copper and zinc concentrate offtake [...]
Falco Resources Ltd. is pleased to announce that Luc Lessard, President and Chief Executive Officer of Falco, will present at the 2020 Precious Metals Summit Europe on Tuesday, November 3rd at 9:15am . Falco will also be available for select one-on-one meetings during the Summit. Meeting requests can be made through the conference website. The Precious Metals Summit Europe is one of the industry’s premier events, bringing [...]
Falco Resources Ltd. is pleased to announce the appointment of Mr. Benoit Brunet to the Corporation’s Board of Directors as a nominee of Osisko Gold Royalties Ltd. . Mr. Benoit Brunet has over 10 years of experience in the finance sector. He has recently been appointed as Vice President, Business Strategy of Osisko. Prior to that, he was with the Qu?bec Private Equity group of the Caisse de d?p?t et placement du Qu?bec [...]
Falco Resources Ltd. is pleased to announce that, effective today, it has retained the services of Hinge Markets Inc. of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of [...]
Falco Resources Ltd. and Golden Queen Mining Consolidated Ltd. are pleased to announce the successful completion of their previously announced arrangement, pursuant to which Falco has acquired all of the issued and outstanding common shares of Golden Queen, which was completed by way of a statutory plan of arrangement under the provisions of the Business Corporations Act. Under the terms of the Arrangement, each former [...]
Falco Resources Ltd. and Golden Queen Mining Consolidated Ltd. are pleased to announce that the Supreme Court of British Columbia has granted the final order, thus approving the arrangement between Falco and Golden Queen announced on February 11, 2020 pursuant to which Falco is to acquire all of the issued and outstanding common shares of Golden Queen. Assuming that the remaining closing conditions are satisfied or [...]
Falco Resources Ltd. and Golden Queen Mining Consolidated Ltd. are pleased to announce that Golden Queen shareholders approved the plan of arrangement with Falco whereby Falco is to acquire all of the issued and outstanding shares of Golden Queen at the special meeting of shareholders held earlier today , approving the Transaction announced on February 11, 2020. The Transaction was approved by 99.64% of the votes cast by [...]
Falco Resources Ltd. announces today that, in connection with the proposed plan of arrangement with Golden Queen Mining Consolidated Ltd., announced on February 11, 2020, Falco decided to increase the consideration offered to the shareholders of Golden Queen. Golden Queen’s sole asset is a cash balance estimated at approximately $4.2 million at closing of the transaction. As a consequence of recent extraordinary [...]