Business
Falco Resources Closes C$28.75 Million Bought Deal Financing; Announces Listing of Warrants
MONTREAL, QC--(Marketwired - June 07, 2017) - Falco Resources Ltd. ("Falco" or the "Company") (TSX VENTURE: FPC)(TSX VENTURE: FPC.WT) is pleased to announce it
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - June 07, 2017) - Falco Resources Ltd. (\"Falco\" or the \"Company\") (TSX VENTURE: FPC)(TSX VENTURE: FPC.WT) is pleased to announce it has closed its previously announced bought deal prospectus offering (the \"Offering\") of 22,287,000 units (the \"Units\") at a price of C$1.29 per Unit, representing aggregate gross proceeds to Falco of C$28,750,230, including 2,907,000 Units issued pursuant to the exercise in full by the underwriters of the over-allotment option. The Offering was conducted by a syndicate of underwriters co-led by BMO Capital Markets and Macquarie Capital Markets Canada Ltd., and including Desjardins Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp., National Bank Financial Inc., Raymond James Ltd. and Beacon Securities Limited. The net proceeds of the Offering will be used to advance the Horne 5 Deposit, including the dewatering program, building acquisitions and relocation, land purchases, purchasing of hoisting system equipment, pre-construction surface installations and for general corporate purposes. Each Unit entitles the holder to acquire, for no additional consideration, one common share in the capital of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant is exercisable to acquire one additional Common Share (a \"Warrant Share\") for a period of 18 months from the closing date of the Offering at an exercise price of C$1.70 per Warrant Share. The Units were offered by way of short form prospectus in all of the provinces of Canada and in the United States to qualified institutional buyers pursuant to Rule 144A of the U.S. Securities Act of 1933. Copies of the final short form prospectus and documents incorporated therein may be obtained on request from the Secretary of the Company by sending a written request to 1100 avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, Canada, H3B 2S2, telephone: 514-905-3162, and are available electronically under Falco's issuer profile on SEDAR at www.sedar.com. The offered securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Eight dir...