Falco Resources Ltd.

Falco Resources Ltd. announces that the Corporation's Board of Directors approved a grant of incentive stock options to directors, officers and key employees to purchase up to an aggregate of 3,525,000 common shares of the Corporation. In accordance with the Long Term Incentive Plan of the Corporation, all grants are subject to a three-year vesting period and a five-year term. Options to key employees were granted at an [...]

Falco Resources Ltd. is pleased to announce that the Corporation and Osisko Gold Royalties Ltd. have agreed to amend the silver stream agreement entered into by the Parties on Feb. 27, 2019, relating to Falco's Horne 5 project, whereby Osisko agreed to postpone by one year each of the deadlines granted to Falco to achieve milestones set as condition precedent to Osisko funding the stream deposit. The independent directors [...]

Falco Resources Ltd. announces that five director nominees listed in the management information circular of the Corporation were elected during the annual meeting of shareholders held on December 20, 2021. In addition, Mr. Claude Dufresne, a new proposed nominee by the Corporation, was also elected through the exercise of the discretion deriving from the proxies granted by the shareholders to the management team of the [...]

Falco Resources Ltd. announces that Bryan Coates is stepping down as chair and director of the Company with immediate effect, which decision was accepted by the Company. The board of directors of Falco has elected Mr. Mario Caron as Chair with immediate effect. About Falco Resources Ltd. Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Qu?bec, with extensive land holdings in the Abitibi [...]

Falco Resources Ltd. is pleased to announce that it has closed with Investissement Quebec, acting as agent for the Government of Qu?bec, the final tranche of its private placement of units, for a total financing of $17,280,000. This last tranche of $5,000,000 is being subscribed to on the same terms and conditions as those entered into by the other investors in August 2021. Pursuant to the terms of this last tranche [...]

Falco Resources Ltd. reports that it has been granted an extension by the TSX Venture Exchange of the outside date by which it must complete its previously announced proposed $5 million non-brokered private placement with one of its shareholders upon the terms previously announced. Such extension provides that the Private Placement must close by no later than November 28, 2021. The Company expects that its shareholder [...]

Falco Resources Ltd. announced today that the Corporation has agreed with Glencore Canada Corporation to extend the maturity date of the $10 million senior secured convertible debenture dated October 27, 2020 issued by the Corporation to Glencore, from October 27, 2021 to April 27, 2022, the whole in accordance with the terms of the Convertible Debenture. Concurrently with the issuance of the Convertible Debenture on [...]

Falco Resources Ltd. reports that it continues to be in discussions with one of its shareholders in connection with its previously announced proposed non-brokered private placement of up to 12,500,000 units at a price of C$0.40 per Unit, for gross proceeds of up to C$5 million. The Company expects to be able to complete the Private Placement on or before October 28, 2021, subject to the receipt of all necessary approvals [...]

Falco Resources Ltd. is pleased to announce that it has received payment from Osisko Gold Royalties Ltd. of the stream payment advance of C$10 Million, which as previously announced corresponds to an advance of half of the C$20 Million second instalment payable by Osisko under its silver stream agreement with the Company. The Stream Advance Payment will be used for the development of the Horne 5 Project and for general [...]

Falco Resources Ltd. is pleased to announce that it has completed its previously announced private placement of units with a syndicate of underwriters led by CIBC Capital Markets. Pursuant to the Offering, Falco has issued an aggregate of 30,700,000 Units at a price of C$0.40 per Unit for gross proceeds of C$12,280,000. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant [...]