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Falco Announces Election of Directors, Approval of the Amended and Restated Shareholder Rights Plan and Approval of the Long Term Incentive Plan Amendment
MONTREAL, QC--(Marketwired - November 23, 2016) - Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Corporation") announces that the seven (7) nominees l
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - November 23, 2016) - Falco Resources Ltd. (TSX VENTURE: FPC) (\"Falco\" or the \"Corporation\") announces that the seven (7) nominees listed in the management information circular dated October 20, 2016, were elected as directors of Falco. Detailed results of the vote for the election of directors held at the annual and special meeting of shareholders on November 22, 2016 are set out below: Nominee VotesFor % For VotesWithheld %Withheld Mario Caron 37,882,586 94.21% 2,326,200 5.79% Hélène Cartier 37,873,586 94.19% 2,335,200 5.87% Paola Farnesi 40,149,286 99.85% 59,500 0.15% Claude Ferron 37,861,586 94.16% 2,347,200 5.84% Paul-Henri Girard 40,206,786 99.99% 2,000 0.01% Luc Lessard 40,206,786 99.99% 2,000 0.01% Sean Roosen 40,189,786 99.95% 19,000 0.05% The appointment of PricewaterhouseCoopers LLP as auditors of the Corporation, as provided for in the management information circular was also approved. AMENDED AND RESTATED SHAREHOLDER RIGHTS PLAN The Corporation's amended and restated shareholder rights plan agreement (the \"Rights Plan\") which amends and restates the Corporation's original shareholder rights plan agreement dated November 28, 2013 between the Corporation and Equity Financial Trust Company has been approved by the Corporation's shareholders at the meeting. The Rights Plan is not being adopted in response to any proposal to acquire control of the Corporation and the Corporation is not aware of any such efforts at this time. Shareholders may access the Rights Plan through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. Reference should be made to the full text of the Rights Plan for the details of its provisions. FALCO ADOPTS A ROLLING PROVISION UNDER ITS LONG TERM INCENTIVE PLAN During the annual and special meeting of shareholders, the shareholders also approved the reinstatement of Falco's rolling stock option provision under its Long Term Incentive Plan (\"LTIP\"). Pursuant to the...