Falco Resources announces election of directors, new chair of the board

1 month ago 21

TipRanks

Wed, December 17, 2025 astatine 6:16 AM CST 1 min read

Falco Resources (FPRGF) announces that the 5 nominees listed successful the absorption accusation circular dated November 4, 2025, were elected arsenic directors of Falco. The Corporation besides announces that Mr. Alexander Dann has been appointed arsenic Chair of the Board, effectual immediately, succeeding Mr. Mario Caron, who volition proceed to service arsenic pb director. Mr. Dann has served connected the Board since 2021 and is simply a subordinate of the Corporation’s audit committee. PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed arsenic autarkic auditor of the Corporation for the ensuing year. Shareholders approved the mean solution with respect to the support of the Corporation’s existing rolling 10% semipermanent inducement plan. The bulk of the disinterested shareholders approved the mean solution with respect to the amendment of the Corporation’s existing convertible secured elder indebtedness with OR Royalties (OR) and the issuance of 19,332,237 warrants of the Corporation to OR Royalties, each exercisable astatine immoderate clip from and aft January 1, 2026, for 1 communal stock of Falco astatine an workout terms of $0.58 per Common Share and expiring connected December 31, 2026. The Corporation besides confirms that the transactions antecedently announced connected October 31, 2025, with each of OR Royalties and Glencore (GLNCY) Canada Corporation person successfully closed connected the day hereof and volition beryllium effectual arsenic of December 31, 2025

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