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Falco Resources Announces Election of Directors and Closing of Senior Debt Transactions
MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the m
About this update from Falco Resources Ltd.
[{"type":"text","content":" MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (TSX.V: FPC) (“Falco” or the “Corporation”) announces that the six (6) nominees listed in the management information circular dated December 12, 2022, were elected as directors of Falco. Detailed results of the vote for the election of directors held at the annual meeting of shareholders on January 23, 2023 are set out below: ITEM No1Nominee Votes CastFOR Percentage (%) of Votes Cast FOR Votes AGAINST Percentage (%) of Votes AGAINST Mario Caron 127,181,864 99.043 1,229,537 0.957 Alexander Dann 103,293,327 80.439 25,118,074 19.561 Claude Dufresne 127,226,435 99.077 1,184,966 0.923 Paola Farnesi 127,172,304 99.035 1,239,097 0.965 Luc Lessard 127,156,389 99.023 1,255,012 0.977 Chantal Sorel 127,063,705 98.950 1,347,696 1.050 Appointment and Remuneration of Auditor PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year, with the following results: ITEM No2 Votes castFOR Percentage (%) of Votes CastFOR Votes WITHHELD Percentage (%) of Votes WITHHELD Appointment and Remuneration of Auditor 134,846,926 99.557 599,713 0.443 Long-Term Incentive Plan Resolution Shareholders approved the ordinary resolution with respect to the approval of the Corporation’s existing rolling 10% long-term incentive plan and amendments thereto (“LTIP”). The results are as follows: ITEM No3 Votes CastFOR Percentage (%) of Votes CastFOR Votes AGAINST Percentage (%) of Votes AGAINST Ordinary resolution to approve the Corporation’s LTIP 111,117,112 86.532 17,294,289 13.468 Osisko Amendments Resolution The majority of the disinterested shareholders approved the ordinary resolution with respect to amending the Corporation’s existing convertible secured senior loan (the “Osisko Loan”) with Osisko Gold Royalties Ltd (“Osisko”) and the issuance of 10,664,324 warrants of the Corporation to Osisko, each exercisable for one common share of Falco (each a \"Common Share\") at an exercise price of $0.65 and expiring on December 31, 2024 (the “Osisko Warrants”). The results are as follows: ITEM No4 Votes Cast FOR Percentage (%) of Votes Cast FOR Votes &n...