It is a big week for Falco (FPC-V)!
Falco completed its previously announced private placement with a syndicate of underwriters led by CIBC Capital Markets. Due to strong demand, the offering was upsized for gross proceeds of C$12,280,000.
Falco also announced that it has received an advance payment of C$10 Million from Osisko Gold Royalties under its silver stream agreement.
This is an exciting time for Falco - after 3 years of working closely with Glencore to complete technical analysis, it signed copper and zinc offtake agreements in late 2020, and recently signed an Agreement in Principle to finalize a Principal Operating Agreement, expected in Q3. These are major milestones and position the company to advance the Horne 5 project through 2022 and beyond.
Please contact me for more information.
Jeff
R. Jeffrey White, LL.B., MBA
Director, Investor Relations
Falco Resources
rjwhite@hingemarkets.com
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