SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (18405)5/16/2016 9:44:03 AM
From: Goose94Read Replies (2) | Respond to of 202691
 
FPC-V new 52 week high, 63 cents



To: Goose94 who wrote (18405)6/17/2016 11:27:45 AM
From: Goose94Read Replies (2) | Respond to of 202691
 
Falco Resources (FPC-V) May 30, '16 is pleased to announce the closing of a financing with Osisko Gold Royalties (OR-T) whereby Osisko will provide a C$10 million loan. The Loan will be used for the advancement of the Horne 5 Project and for general corporate purposes.

Luc Lessard, President and Chief Executive Officer of Falco commented: "We are very pleased to benefit from our partnership with Osisko. With this financing now completed, we will work aggressively to advance the development of the Horne 5 Project. This is an important first step in completing the funding necessary to see the Horne 5 Project realized."

$10 Million Loan Financing

Under the terms of the financing, Osisko has provided Falco with a C$10 million loan. The Loan has an 18 month maturity, and interest shall be payable on the principal amount at a rate per annum that is equal to 7%, compounded quarterly, payable upon repayment of the principal amount.

Silver and/or Gold Stream

Over the next 18 months, Falco and Osisko shall negotiate in good faith the terms, conditions and form of a silver and/or gold stream agreement ("Stream Agreement"), which shall be substantially in the form typical for such transaction in the industry, whereby Osisko may provide Falco with a portion of the development capital required to build the Horne 5 Project ("Stream"). In this case, the principal amount of the Loan and any accrued interest will be applied against the Stream deposit.

At the maturity date, if Falco and Osisko have not concluded a Stream Agreement, the principal amount of the Loan will be converted into a 1% net smelter return royalty on the Horne 5 Project and accrued interests will be paid in cash.

Under certain events of default, Osisko may, at its option, require the repayment of the principal amount and the accrued interest in cash.

Investor Relations Consultant

The Company also wishes to announce that it has retained the services of Renmark Financial Communications Inc. to assist in investor relations activities.

In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $5,000 to Renmark Financial Communications Inc.

Renmark Financial Communications does not have any interest, directly or indirectly, in Falco Resources Ltd. or its securities, or any right or intent to acquire such an interest.

About Falco

Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns 74,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal property is the Horne Mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A updated 43-101 mineral resource estimate for the Horne 5 deposit delineated an Indicated Resource of 5,361,000 gold equivalent ounces ("oz AuEq"), including 3,418,232 oz Au hosted in 58.3 million tonnes averaging 2.86 g/t AuEq (1.82 g/t Au; 15.60 g/t Ag; 0.20% Cu; 1.00% Zn) and an Inferred Resource of 1,254,000 oz AuEq, including 854,534 oz Au hosted in 12.7 million tonnes averaging 3.08 g/t AuEq (2.10 g/t Au; 26.26 g/t Ag; 0.22% Cu; 0.57% Zn.) -- see January 25th, 2016 press release for details. Osisko Gold Royalties is the largest shareholder of the Company and currently owns 16.2% of the outstanding shares of the Company.

For further information contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
info@falcores.com

Bettina Filippone
Renmark Financial Communications Inc.
514-939-3989
bfilippone@renmarkfinancial.com
www.renmarkfinancial.com