Falco and Osisko Agree to Extend Loan Maturity
For Immediate Release TSX.V - FPC
FALCO AND OSISKO AGREE TO EXTEND LOAN MATURITY
(Montreal, Qué bec, November 29, 2017 ) – Falco Resources Ltd. (FPC: TSX -V) (“Falco” or the
“Company”) is pleased to announce that in connection with the C$10 million loan ("Loan") provided by
Osisko Gold Royalties Ltd (TSX: OR) ("Osisko") on May 30, 2016, that both Falco and Osisko have agreed
to extend the maturity by an additional 6 months, to May 31st, 2018.
As per the loan agreement, 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 tran saction 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 as extended , 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.
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 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
Company and currently owns 13.2% of the issued and outstanding shares of the Company. The Company
has 180,620,244 shares issued and outstanding.
For further information contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward- looking statements and forward- looking information (together, "forward -
looking statements") within the meaning of applicable securities laws and the United States Private Securiti es
Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward -looking
2
statements. Generally, forward- looking statements can be identified by the use of terminology such as "plans",
"expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain
actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-
looking statements involve risks, uncertainties and other f actors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward- looking
statements. Factors that could cause actual results to differ materially from these forward -looking statements
include the reliability of the historical data referenced in this press release and those risks set out in Falco's public
documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although
Falco believes that the assumptions and factors used in preparing the forward- looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of the date of this news release, and
no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required
by applicable law, Falco disclaims any intention or obligation to update or revise any forward -looking statement,
whether as a result of new information, future events or otherwise.