Falco Announces Granting of Stock Options
Falco Announces Granting of Stock Options
MONTREAL, June 28, 2019 -- Falco Resources Ltd (“Falco” or the “Company”) (TSX.V: FPC) 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 7,369,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period
and a five-year term at an exercise price of $0.30 per share, representing a $0.04 (15.38%) premium over the closing price of
the common shares of the Company listed on the TSX Venture Exchange on June 26, 2019.
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 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.