Falco Resources Ltd. and Golden Queen Mining Consolidated Ltd. are pleased to announce that they have entered into a definitive arrangement agreement dated February 10, 2020 pursuant to which Falco has agreed to acquire all of the issued and outstanding common shares of Golden Queen. The Acquisition is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act . Through this [...]
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 February 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 and certain [...]
Falco Resources Ltd. is pleased to announce that, the Corporation and Osisko Gold Royalties Ltd. agreed to amend the $10 million senior loan entered into by the Corporation on February 22, 2019. The Senior Loan shall be amended by increasing the principal amount by $5.9 million from $10 million to $15.9 million and the maturity date will be extended from December 31, 2019 to December 31, 2020. Osisko shall be entitled to [...]
Falco Resources Ltd. announces that the six nominees listed in the management information circular dated October 10, 2019, 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 13, 2019 are set out below: ITEM No1 Nominee Votes Cast FOR Percentage of Votes Cast FOR Votes WITHHELD Percentage of Votes WITHHELD Mario Caron [...]
Falco Resources Ltd. is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities. “We are pleased to announce that we have selected Renmark to reinforce Falco’s profile in the financial community and enhance the visibility of our company. We chose Renmark because its standards and methodologies fit best with the message we wish [...]
Falco Resources is pleased to provide an update on the development of its Horne 5 project . During the past months, the Company has been working diligently at advancing the Project, focusing mainly on securing the necessary authorizations to proceed, optimizing its construction and operational approach, and reviewing the financial structure to fund the development of the Project. Authorization to Proceed Falco continues [...]
Falco Resources Ltd. announces that the Board of Directors approved the grant of incentive stock options to directors, officers and key employees to purchase up to an aggregate of 7,369,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period and a five-year term at an exercise price of $0.30 per share, representing a $0.04 premium over the closing price of the common shares [...]
Falco Resources Ltd. announces the resignation of Mr. Sean Roosen as a Director and as Chair of the Board of Directors. Sean Roosen noted: “I am proud of the progress that we have achieved at the Horne 5 Project under my stewardship and I look forward to continuing to work with the Falco team and its stakeholders in moving the project to commercial production over the next few years. Osisko Gold Royalties continues [...]
All dollar amounts are in Canadian dollars unless otherwise specified. Falco Resources Ltd. is pleased to announce closing of a previously announced silver stream transaction with Osisko Gold Royalties Ltd. pursuant to which Osisko has agreed to commit up to $180 million through a silver stream toward the funding of the development of the Horne 5 Project . Falco is also pleased to announce that it has reached an agreement [...]
All dollar amounts are in Canadian dollars unless otherwise specified. Falco Resources Ltd. is pleased to announce the execution of a secured senior loan agreement with Osisko Gold Royalties Ltd. pursuant to which Osisko has agreed to loan an additional $10 million to Falco. $10 MILLION SECURED LOAN Under the terms of a secured senior loan agreement , Osisko has provided Falco with a $10 million loan payable in two [...]
Falco Resources Ltd. is pleased to announce that the first meeting of the Community Consultation Committee was held on February 5. As part of the environmental assessment process for the Horne 5 Project and in keeping with the Corporation’s commitment to integrate the project into the community and to promote continuous improvement, Falco has organized a Committee composed of representatives with diverse backgrounds [...]
Falco Resources Ltd. is pleased to provide a corporate update on the Horne 5 project , as well as to announce the appointment of a new member to the Corporation’s Board of Directors. Luc Lessard, President and CEO, comments: “Despite 2018 having been a challenging year for the mining sector, the Corporation continued to advance the development of the Horne 5 Project. We have increased the number of surface [...]
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