Brief: Falco Increases Offer For Golden Queen Mining Consolidated Ltd
20/03/2020 02:01
March 19 (Reuters) - Falco Resources Ltd FPC.V :
* FALCO INCREASES OFFER FOR GOLDEN QUEEN MINING CONSOLIDATED
LTD.
* DECIDED TO INCREASE CONSIDERATION OFFERED TO SHAREHOLDERS
OF
GOLDEN QUEEN ("GOLDEN QUEEN SHAREHOLDERS")
* GOLDEN QUEEN'S SOLE ASSET IS A CASH BALANCE ESTIMATED AT
APPROXIMATELY $4.2 MILLION AT CLOSING OF TRANSACTION
* ALL OTHER TERMS OF ARRANGEMENT REMAIN UNCHANGED
* FALCO RESOURCES - CO PROPOSING EXCHANGE RATIO OF 1.35
COMMON
SHARES OF CO FOR EACH COMMON SHARE OF GOLDEN QUEEN
Source text for Eikon: ID:nGNX2n3SnS
Further company coverage: FPC.V
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Falco Resources
See all newsBrief: Falco announces election of directors, appointment of new chair of the board and closing of its senior debt transactions
Brief: Falco Announces Increase To Previously Announced Bought Deal Financing
Brief: Horne 5 Project Update
Brief: Falco Entered Binding Agreement With Osisko To Extend Maturity Date Of Convertible Secured Senior Loan To Dec 31, 2025
Brief: Falco Announces Brokered Private Placement for Gross Proceeds of Up to C$5.0 Million