Falco $36,449,592 Prospectus Offering

Falco Resources Ltd. (TSXV:FPC) – The company’s prospectus dated Nov. 15, 2016, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Alberta, Manitoba, British Columbia, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, and Autorite des marches financiers du Quebec, pursuant to the provisions of the Alberta, Manitoba, British Columbia, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, and Quebec securities acts.
Underwriters: Haywood Securities Inc. (the lead underwriter), together with BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Beacon Securities Ltd. and M Partners Inc. Offering: The offering consists in 21,029,000 units at the price of $1.07 per unit and 7,812,500 flow-through common shares at the price of $1.28 per flow-through shares. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at the exercise price of $1.45 per share during a period of 18 months following the closing date, subject to an accelerated expiry provision. Offering price: $1.07 per unit and $1.28 per flow-through share Warrant exercise price: $1.45 per share during a period of 18 months subject to an accelerated expiry provision Underwriters’ fees: 5.5 per cent of the gross proceeds of the offering in cash Overallotment option: The company granted to the underwriters an option to purchase any combination of overallotment units, at the unit subscription price, and overallotment flow-through shares, at the flow-through share subscription price, for a maximum number equal to 15 per cent of the aggregate number of offered securities sold under the offering for a period of 30 days from the closing date of the offering.
The company has confirmed the closing of the public offering by means of news releases dated Nov. 22, 2016. The aggregate gross proceeds received by the company for the offering is $36,449,592.50 (24,183,350 units at $1.07 per unit and 8,260,475 flow-through shares at $1.25 per share, including the exercise of the overallotment option).
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