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  • Writer's pictureJeffrey White

Falco Closes C$12mm+ Upsized Financing

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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