Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that in connection with the C$10 million loan (“Loan”) provided by Osisko Gold Royalties Ltd (TSX: OR) (“Osisko”) on May 30, 2016, that both Falco and Osisko have agreed to extend the maturity by an additional 6 months, to May 31st, 2018.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Corporation”) announces that the eight (8) nominees listed in the management information circular dated October 10, 2017, were elected as directors of Falco.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has filed today on SEDAR a National Instrument 43-101 technical report for its wholly-owned Horne 5 gold project located in Rouyn-Noranda, Québec. Falco’s news release dated October 16th, 2017 summarizes the assumptions and key results contained in the technical report. There are no material differences between the assumptions and estimates contained in Falco’s news release dated October 16th, 2017 pertaining to this property, from those contained in the technical report filed today.
Canadian Gold Miner Corp. (“CGM” or the “Company”) and Transition Metals Corp. (XTM – TSX.V, “Transition”) together announce that CGM has entered into a non-binding letter of intent with Osisko Mining Inc. (OSK – TSX, “Osisko”) whereby, subject to the execution of definitive agreements on terms acceptable to the parties, Osisko would assign its ownership interest in two exploration stage properties to CGM in exchange for stock of CGM. In addition, Osisko would provide financing to CGM, on a private placement basis, in the amount of $1.0 million in exchange for stock of CGM. Once completed, the transaction is expected to result in Osisko owning approximately 19.9% of the issued and outstanding common shares of CGM. The properties to be assigned to CGM include the DeSantis property, a historical gold producer located in the heart of the Timmins Gold Camp, and the Catherine Property, a large exploration land package near CGM’s focus area south of Kirkland Lake, Ontario.