Skip to main content

Falco Announces Changes to Its Management Team

Written by Customer Service on . Posted in Public Companies.

MONTREAL, July 04, 2022 (GLOBE NEWSWIRE) — Falco Resources Ltd. (“Falco” or the “Corporation”) (TSX-V: FPC) is pleased to announce the appointment of Ms. Mireille Tremblay as Vice President, Legal Affairs and Corporate Secretary of the Corporation. Ms. Tremblay has been acting as Director, Legal Affairs and Assistant Corporate Secretary of the Corporation since January 2021, and replaces Mr. André Le Bel who stepped down as Vice President, Legal Affairs and Corporate Secretary on June 30, 2022, to fully dedicate himself to his current employer Osisko Gold Royalties Ltd.

Luc Lessard, President and CEO, commented, “On behalf of the Board of Directors, I would like to congratulate Mireille on this appointment as I believe she is a great addition to our management team. We also take the opportunity to thank André for his loyal service to the Corporation.”

Ms. Tremblay has more than 25 years of experience in business law and practiced as a securities, merger and acquisitions and corporate finance lawyer with two major Canadian national legal firms as well as external legal consultant to clients working in various industries, including the mining industry.

In connection with her appointment, Ms. Tremblay received an aggregate of 150,000 incentive stock options (the “Options”), in accordance with the Corporation’s Long Term Incentive Plan. The Options have been granted at an exercise price of $0.33 per share representing $0.09 (38%) premium over the closing price of the common shares of the Corporation listed on the TSX Venture Exchange on July 4th, 2022. The Options are subject to a three-year vesting period and a five-year term.

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 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 Development Corp. is Falco’s largest shareholder owning a 17.3% interest in the Corporation.

For further information, please contact:

Luc Lessard
President, Chief Executive Officer and Director
514-261-3336
info@falcores.com

Jeffrey White, LL.B, MBA
Director, Investor Relations
416-274-7762
rjwhite@falcores.com

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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.