|Bid||0.2600 x 0|
|Ask||0.2800 x 0|
|Day's Range||0.2500 - 0.2800|
|52 Week Range||0.2500 - 0.7500|
|Beta (3Y Monthly)||1.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.85|
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) 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. Luc Lessard, President and CEO of Falco, noted: “We appreciate the guidance and support that Mr. Roosen has provided over the years, as we established our plan to develop the Horne 5 Project.
MONTRÉAL, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (TSX & NYSE: OR) is pleased to announce the closing of its previously announced (see press release of June 18, 2018) senior secured silver stream facility (“Silver Stream”) with reference to up to 100% of the future silver produced from the Horne 5 property (“Horne 5” or the “Project”) located in Rouyn-Noranda, Québec from Falco Resources Ltd. (“Falco”) (FPC.V). Pursuant to the silver purchase agreement entered into between Osisko and Falco on February 27, 2019, Osisko will purchase up to 100% of the refined silver from the Project. As consideration for the Silver Stream, Osisko will pay to Falco staged upfront cash deposits of up to C$180 million plus ongoing payments equal to 20% of the spot price of silver on the day that refined silver is delivered, to a maximum of US$6 per ounce of refined silver.
Falco Resources Ltd. (FPC.V) ("Falco" or the "Company") is pleased to announce closing of a previously announced silver stream transaction (the “Silver Stream Transaction”) with Osisko Gold Royalties Ltd (TSX & NYSE: OR) ("Osisko") 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 (the “Project”). Falco is also pleased to announce that it has reached an agreement with Osisko for the repayment of the interest owed to Osisko under certain outstanding loans through the issuance of common shares of Falco.
Falco Resources Ltd. (FPC.V) ("Falco" or the "Company") is pleased to announce the execution of a secured senior loan agreement with Osisko Gold Royalties Ltd (OR.TO) ("Osisko") pursuant to which Osisko has agreed to loan an additional $10 million to Falco. Under the terms of a secured senior loan agreement (the "Loan Agreement"), Osisko has provided Falco with a $10 million loan (the “Principal Amount”) payable in two instalments of $5,000,000.
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) is pleased to announce that the first meeting of the Community Consultation Committee (the “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 who are recognized in their respective fields. Forming this Committee was a planned step in the stakeholder consultation program that began in 2016.
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) is pleased to provide a corporate update on the Horne 5 project (the “Horne 5 Project” or the “Project”), as well as to announce the appointment of a new member to the Corporation’s Board of Directors. The Corporation completed a feasibility study for the Horne 5 Project (See press release dated October 16, 2017).
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) wishes to confirm, at the request of the Investment Industry Regulatory Organization of Canada (IIROC), that the Corporation’s management is unaware of any material change in its operations that would account for the recent increase in market activity. 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 about 67,000 hectares of land in the Rouyn-Noranda mining camp, which represents approximately 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located in the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd is the largest shareholder of the Corporation and currently owns 17.8% of the issued and outstanding shares of the Corporation. The Corporation has 202,624,945 shares issued and outstanding.
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) is pleased to announce that, the Corporation and Osisko Gold Royalties Ltd (“Osisko”) agreed to amend the $10 million senior note (the “Senior Note”) entered into by the Corporation on May 30, 2016, as amended on November 29, 2017, February 14, 2018 and May 31, 2018, and the $10 million secured senior loan entered into by the Corporation on September 10, 2018 (the “Senior Loan” and, collectively with the Senior Note, the “Loans”), by extending the maturity of the both Loans to February 28, 2019.
Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) announces the completion of the previously announced conversion (the “Conversion”) of a secured debenture (the “Debenture”) having a principal amount of C$7,000,000 purchased from Falco Resources Ltd. (FPC.V) (“Falco”) into 12,104,444 units of Falco (the “Units”), with each unit comprised of one common share of Falco (the “Common Shares”) and one-half Common Share purchase warrant of Falco (the “Warrants”). Immediately prior to the Conversion, Osisko had beneficial ownership of, or control and direction over, (i) 23,927,005 Common Shares, representing approximately 12.6% of the issued and outstanding Common Shares, and (ii) 1,550,500 Warrants.
Falco Resources Ltd. (FPC.V) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated October 26, 2018, were elected as directors of Falco.
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