Falco Realizes $1 Million in Warrant Exercise
ROUYN-NORANDA, QC--(Marketwired - August 25, 2014) - Falco Resources Ltd. ("Falco") (TSX VENTURE: FPC) has completed the acceleration of common share purchase warrants issued under a private placement on June 14, 2013. Falco is pleased to report that all 2,280,000 warrants were exercised, for gross proceeds of $1,026,000.
About Falco
Falco is a mineral exploration company and 100% owner of a majority of the Rouyn-Noranda mining district. Falco's land position includes over 700 square kilometres in the Abitibi region of Quebec, Canada that includes 14 former mine sites. Falco's principal property is the Horne mine complex, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A maiden 43-101 mineral resource estimate for the Horne 5 deposit delineated an initial inferred resource totalling 25.3 million tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn, for 2.2 Moz Au contained (see press release dated March 4, 2014).
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.
Contact
For further information contact:
Mr. Dean Linden
Senior Vice President
Business Development
Ph: 1.425.449.9442
dlinden@falcopacific.com
Ms. Deanna Kress
Corporate Communications
Ph: 1.604.336.6346
Toll Free: 1.855.238.4671
dkress@falcopacific.com