Falco Announces Election of Directors, Appointment of New Chair of The Board and Closing of Its Senior Debt Transactions

About this update from Falco Resources Ltd.

[{"type":"text","content":"Falco Announces Election of Directors, Appointment of New Chair of The Board and Closing of Its Senior Debt Transactions\n\n\n\n MONTRÉAL, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“\n \n Falco\n \n ” or the “\n \n Corporation\n \n ”) announces that the five (5) nominees listed in the management information circular dated November 4, 2025, were elected as directors of Falco.\n \n\n The Corporation also announces that Mr. Alexander Dann has been appointed as Chair of the Board, effective immediately, succeeding Mr. Mario Caron, who will continue to serve as lead director. Mr. Dann has served on the Board since 2021 and is a member of the Corporation’s audit committee. Members of the Board and the management team of Falco thank Mr. Caron for his leadership and guidance as Chair and are pleased that Falco will continue to benefit from his contributions as a member of the Board.\n \n\n\n Appointment\n \n\n and\n \n\n Remuneration\n \n\n of\n \n\n Auditor\n \n\n\n PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year.\n \n\n\n Long-Term\n \n\n Incentive\n \n\n Plan\n \n\n Resolution\n \n\n\n Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan (“\n \n LTIP\n \n ”).\n \n\n\n OR Royalties\n \n\n Amendments\n \n\n Resolution\n \n\n\n The majority of the disinterested shareholders approved the ordinary resolution with respect to the amendment of the Corporation’s existing convertible secured senior loan (the “\n \n OR Royalties\n \n\n Loan\n \n ”) with OR Royalties Inc. (“\n \n OR Royalties\n \n ”) and the issuance of 19,332,237 warrants of the Corporation to OR Royalties, each exercisable at any time from and after January 1, 2026, for one common share of Falco (each a “\n \n Common Share\n \n ”) at an exercise price of $0.58 per Common Share and expiring on December 31, 2026 (the “\n \n OR Royalties Warrants\n \n ”).\n \n\n\n Closing\n \n\n of\n \n\n Senior\n \n\n Debt\n \n\n Transactions with OR Royalties and Glencore\n \n\n\n The Corporation also confirms that the transactions previously announced on Octobe...

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