Falco Announces Election of Directors

Falco Resources Ltd.
Falco Resources Ltd.
Falco Resources Ltd.
2 min read

In This Article:

MONTREAL, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated December 11, 2023, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual meeting of shareholders on January 24, 2024 are set out below:

ITEM No1
Nominee

Votes Cast
FOR

Percentage (%)
of Votes Cast
FOR

Votes
   AGAINST

Percentage (%)
of Votes
AGAINST

Mario Caron

120,256,057

99.612

468,429

0.388

Alexander Dann

96,494,823

79.930

24,229,663

20.070

Claude Dufresne

120,250,663

99.608

473,823

0.392

Paola Farnesi

120,221,703

99.584

502,783

0.416

Luc Lessard

119,795,273

99.230

929,213

0.770

Chantal Sorel

120,473,879

99.792

250,607

0.208

Appointment and Remuneration of Auditor

PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year, with the following results:

ITEM No2

Votes cast
FOR

Percentage (%)
of Votes Cast
FOR

Votes
WITHHELD

Percentage (%)
of Votes
WITHHELD

Appointment and Remuneration of Auditor

127,600,354

99.977

28,797

0.023

Long-Term Incentive Plan Resolution

Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan (“LTIP”). The results are as follows:

ITEM No3

Votes Cast
FOR

Percentage (%)
of Votes Cast
FOR

Votes
    AGAINST

Percentage (%)
of Votes
AGAINST

Ordinary resolution to approve the Corporation’s LTIP

102,167,254

84.628

18,557,232

15.372

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 more than 67,000 hectares of land in the 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 under the former Horne mine that was operated by Noranda 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
[email protected]

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.

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