FALCO RESOURCES LTD. ("FPC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 2, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an arm's-length agreement between Falco Resources Ltd. (the "Company") and Globex Mining Enterprises Inc. ("Globex"), in connection with the acquisition by the Company of a 100% interest in the Donalda property located in Rouyn-Noranda, Quebec. The consideration payable by the Company pursuant to the acquisition includes:
a) $300,000 in cash;
b) 350,000 common shares and 350,000 warrants. Each warrant will allow the holder to purchase one common share at an exercise price of $1.15 per share during a period of five years;
c) The Company will grant Globex a 2.5 % Gross Metal Royalty to Globex; and
d) The Company will transfer to Globex all of its rights, titles and interest in the Dickenson property.
For further details in connection with that transaction, please refer to the press release of the Company dated September 27, 2017.
RESSOURCES FALCO LTEE ("FPC")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 2 octobre 2017
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de documentation relativement a une convention entre Ressources Falco ltee (la " societe ") et Globex Mining Enterprises Inc. ("Globex") qui transigent sans lien de dependance entre elles, concernant l'acquisition par la societe d'un interet de 100% dans la propriete Donalda situee a Rouyn-Noranda, au Quebec. La consideration payable par la societe en vertu de l'acquisition inclus :
a) 300 000 $ en especes;
b) 350 000 actions ordinaires et 350 000 bons de souscription. Chaque bon de souscription permettra a son detenteur de souscrire une action ordinaire au prix d'exercice de 1,15 $ par action pendant une periode de cinq ans ;
c) La societe octroiera une redevance brute de metaux de 2,5% a Globex; et
d) La societe transferera tous ses droits, titres et interet dans la propriete Dickenson.
Veuillez-vous referer au communique de presse emis par la societe le 27 septembre 2017 pour plus de renseignements relativement a cette transaction.
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