Brief: Falco Announces $180 Mln Silver Stream Transaction

Falco Resources

18/06/2018 21:36

June 18 (Reuters) - Falco Resources Ltd  FPC.V :
    * FALCO ANNOUNCES $180 MILLION SILVER STREAM TRANSACTION 
AND
CONCURRENT $7 MILLION DEBENTURE WITH OSISKO GOLD ROYALTIES
    * FALCO RESOURCES LTD -  OSISKO HAS AGREED TO COMMIT $180
MILLION
THROUGH A SILVER STREAM TOWARD FUNDING OF DEVELOPMENT OF FALCO'S
HORNE 5 PROJECT
    * FALCO RESOURCES - UNDER TERMS, OSISKO WILL PURCHASE 90% OF
PAYABLE SILVER FROM PROJECT, INCREASING TO 100% IN EVENT
OPTIONAL FIFTH DEPOSIT IS PAID
    * FALCO RESOURCES LTD -  FOLLOWING EXECUTION OF BINDING TERM
SHEETS BETWEEN FALCO AND OSISKO, A FORMAL NOTICE WAS SENT TO
GLENCORE
    * FALCO RESOURCES - FOLLOWING AGREEMENT BETWEEN CO, GLENCORE
CANADA, SILVER STREAM TRANSACTION IS SUBJECT TO RIGHT OF FIRST
REFUSAL IN FAVOR OF GLENCORE
    * FALCO RESOURCES LTD -  CURRENT DEVELOPMENT SCHEDULE OF
HORNE 5
PROJECT IS BEING REVIEWED AND FALCO IS REVISING SCHEDULE

Source text for Eikon:  ID:nGNX65B7Wb 
Further company coverage:  FPC.V 

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