SOURCE: Falco Resources Ltd

Falco Resources Ltd

August 25, 2014 08:30 ET

Falco Realizes $1 Million in Warrant Exercise

ROUYN-NORANDA, QC--(Marketwired - August 25, 2014) - Falco Resources Ltd. ("Falco") (TSX VENTURE: FPC) has completed the acceleration of common share purchase warrants issued under a private placement on June 14, 2013. Falco is pleased to report that all 2,280,000 warrants were exercised, for gross proceeds of $1,026,000.

About Falco

Falco is a mineral exploration company and 100% owner of a majority of the Rouyn-Noranda mining district. Falco's land position includes over 700 square kilometres in the Abitibi region of Quebec, Canada that includes 14 former mine sites. Falco's principal property is the Horne mine complex, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A maiden 43-101 mineral resource estimate for the Horne 5 deposit delineated an initial inferred resource totalling 25.3 million tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn, for 2.2 Moz Au contained (see press release dated March 4, 2014).

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.

Contact Information

  • For further information contact:  
       
    Mr. Dean Linden                    
    Senior Vice President                  
    Business Development                 
    Ph: 1.425.449.9442                
    dlinden@falcopacific.com                 

    Ms. Deanna Kress
    Corporate Communications 
    Ph: 1.604.336.6346 
    Toll Free: 1.855.238.4671 
    dkress@falcopacific.com