Falco Announces Election of Directors
For Immediate Release TSX.V - FPC
FALCO ANNOUNCES ELECTION OF DIRECTORS
(November 20, 2020) Montreal, Québec - Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”)
announces that the seven (7) nominees listed in the management information circular dated October 13,
2020, 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 18, 2020 are set out below:
ITEM No1
Nominee
Votes Cast
FOR
Percentage (%)
of Votes Cast
FOR
Votes
WITHHELD
Percentage (%)
of Votes
WITHHELD
Benoit Brunet 77,553,067 98,84 911,102 1,16
Mario Caron 77,508,061 98,78 956,108 1,22
Bryan A. Coates 77,625,421 98,93 838,748 1,07
Paola Farnesi 77,535,161 98,82 929,008 1,18
Luc Lessard 77,630,061 98,94 834,108 1,06
Angelina Mehta 77,657,163 98,97 807,006 1,03
Chantal Sorel 77,657,163 98,97 807,006 1.03
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 79,754,655 98.65 1,095,183 1.35
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:
2
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 74,813,208 95.35 3,650,961 4.65
Grant of Stock Options
The Corporation also announces that the Board of Directors approved the grant of incentive stock options
to directors, officers and key employees to purchase up to an aggregate of 6,076,000 common shares in
the capital stock of the Corporation. Grants are subject to a three-year vesting period and a five-year term
at an exercise price of $0.45 per share, representing a $0.06 (15.4%) premium over the closing price of the
common shares of the Corporation listed on the TSX Venture Exchange on November 20, 2020.
About Falco
Falco is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in
the Abitibi Greenstone Belt. Falco owns approximately 70,000 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 (now Glencore Canada Corporation) from 1927 to 1976 and produced 11.6 million ounces of gold
and 2.5 billion pounds of copper. Osisko is the largest shareholder of the Corporation and currently owns
18.3% of the issued and outstanding shares of the Corporation. Osisko has announced that it intends to
transfer its share ownership to its new subsidiary Osisko Development Corp. while retaining its silver stream
interests.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514-261-3336
Jeffrey White, LL.B, MBA
Director, Investor Relations
416-274-7762
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.