Falco Announces Closing of C$5,000,000 Credit Facility
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES CLOSING OF C$5,000,000 CREDIT FACILITY
Not for distribution to U.S. newswire services or diss emination in the United States.
Any failure to comply with this restriction may constitute a violation of U.S. securities laws.
(June 28, 2017) Montreal, Québec - Falco Resource s Ltd. (“Falco” or the “Company” )
(TSX.V: FPC) is pleased to announce that it has closed a C$5 million revolving credit facility
(the “Credit Facility”) with National Bank of Canada (the “Lender”), which will be secured by a
hypothec in favour of the Lender over a collateral account maintained by the Company. The
Credit Facility will be used to secure Falc o’s obligations in favour of Hydro -Québec in
connection with certain electrical and engineering work to be performed with respect to the
development of its Horne 5 project in Rouyn -Noranda, and, subject to third party consent, for
other purposes consented to by the Lender. At this time, t he Credit Facility will provide Falco
with access to standby letters of credit and letters of guarantee issued by the Lender to Hydro -
Québec on Falco’s behalf. The Credit Facility is uncommitted, meaning that the Lender ca n in
its sole discretion (i) terminate the Company’s right to make requests for the issuance of letters
of credit on same day notice, and (ii) decline a request from the Company for the is suance of a
letter of credit.
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 approximate ly 70% of the entire
camp and includes 13 former gold and base metal mine sites. Falco's principal property 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. 3% of the
outstanding shares of the Company.
For further information contact:
Vincent Metcalfe
Chief Financial Officer
514-905-3162
Bettina Filippone
Renmark Financial Communications Inc.
514-939-3989
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 Securities
Litigation Reform Act of 1995. All stat ements, other than statements of historical facts, are forward- looking
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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", and includes,
without limitation, that the Company will continue to have access to the Credit Facility . Forward-looking
statements involve risks, uncertainties and other factors 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 anal ysis, 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 thi s 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.