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Falco Resources Reports 2017 AGM Results
MONTREAL, QC--(Marketwired - November 15, 2017) - Falco Resources Ltd. (TSX VENTURE: FPC) ("Falco" or the "Corporation") announces that the eight (8) nominees l
About this update from Falco Resources Ltd.
[{"type":"text","content":"MONTREAL, QC--(Marketwired - November 15, 2017) - Falco Resources Ltd. (TSX VENTURE: FPC) (\"Falco\" or the \"Corporation\") announces that the eight (8) nominees listed in the management information circular dated October 10, 2017, 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 10, 2017 are set out below: Nominee Votes For % For VotesWithheld %Withheld Mario Caron 76,103,200 99.99% 7,200 0.01% Bryan A. Coates 76,085,600 99.97% 24,800 0.03% Paola Farnesi 73,290,911 96.30% 2,819,489 3.70% Claude Ferron 76,103,200 99.99% 7,200 0.01% Luc Lessard 76,087,600 99.97% 22,800 0.03% Sean Roosen 76,084,600 99.97% 25,800 0.03% John Sabine 76,046,890 99.92% 63,510 0.08% Chantal Sorel 76,042,700 99.91% 67,700 0.09% APPOINTMENT OF AUDITORS The appointment of PricewaterhouseCoopers LLP as independent auditor of the Corporation, as provided for in the management information circular was also approved. AMENDMENT TO THE ARTICLES During the annual and special meeting of shareholders and based on the proxies received, the shareholders also approved the special resolution authorizing an amendment to the Articles of Incorporation of the Corporation to include the French form to its name, namely \"Ressources Falco ltéeˮ. RE-APPROVAL OF THE LONG TERM INCENTIVE PLAN During the annual and special meeting of shareholders and based on the proxies received, the shareholders also re-approved the Long Term Incentive Plan. ACCELERATION OF STOCK OPTION VESTING Pursuant to the retirement of Mr. Paul-Henri Girard, the Board of Directors of Falco approved the acceleration of the vesting of all previously unvested stock options granted to Mr. Girard under the Long Term Incentive Plan. The vesting acceleration represents options exercisable for a total of 54,867 common shares of the Corporation at an exercise price of $0.98 per share. The acceleration of the vesting schedule of the Corporation's stock options was effected pursuant to Section 5.3 of the Long Term Incentive Plan, which authorizes the Board of Directors, in its sole discretion, to substitute an accelerated vesting schedule for stock options granted under the Long Term Incentive Plan. GRANTING OF OPTIONS In addition, the Board of Directors approved the grant of incentive stock options to dir...