Falco Announces Election of Directors
Falco Announces Election of Directors
MONTREAL, Nov. 14, 2019 -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6)
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 63,503,131 77.36 18,582,280 22.64
Bryan A. Coates 65,683,046 80.02 16,402,365 19.98
Paola Farnesi 65,442,686 79.73 16,642,725 20.27
Luc Lessard 65,691,186 80.03 16,394,225 19.97
Angelina Mehta 65,442,686 79.73 16,642,725 20.27
Chantal Sorel 81,622,616 99.44 462,795 0.56
Appointment and Remuneration of Auditor
Based on the proxies received and the votes on a show of hands, PricewaterhouseCoopers, LLP, Chartered Professional
Accountants, was appointed as independent auditor of the Corporation for the ensuing year and the directors are authorized to
fix their remuneration, with the following results:
ITEM No2
Votes cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
WITHHELD
Percentage (%)
of Votes
WITHHELD
Appointment and
Remuneration of Auditor 87,619,369 99.85 128,607 0.15
Long-Term Incentive Plan Resolution
Based on the proxies received and the votes on a show of hands, shareholders approved the ordinary resolution with respect to
the approval of the Corporation’s existing long-term incentive plan (“LTIP”). The results are as follows:
ITEM No3
Votes cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
AGAINST
Percentage (%)
of Votes
AGAINST
Ordinary resolution to
approve the Corporation’s
existing LTIP 62,557,050 76.21 19,528,361 23.79
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 approximately 67,000 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 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 19.9% of the issued and outstanding shares of the Corporation. The Corporation has 207,878,736 shares
issued and outstanding.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Amélie Laliberté
Coordinator, Investor Relations
418-455-4775
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.