Falco Resources Limited: Announces Granting of Stock Options
MONTREAL, December 24, 2015 - Falco Resources Ltd. ("Falco" or the "Company") (TSX VENTURE: FPC) announces that the Board of Directors approved the grant of incentive stock options to directors, officers and employees to purchase up to an aggregate of 2,582,026 common shares in the capital stock of the Company. Grants to officers are subject to a three-year vesting period and a five-year term and grants to directors are subject to a two-year vesting period and a three-year term, all at an exercise price of $0.25 per share. About Falco
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns 74,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal property is the Horne Mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. A maiden 43-101 mineral resource estimate for the Horne 5 deposit delineated an initial inferred resource of 2.8 Moz AuEq at 3.41 g/t AuEq (25.3 million tonnes grading 2.64 g/t Au, 0.23% Cu and 0.7% Zn, for 2.2 Moz Au -- see March 4, 2014 press release for details).
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Contact
For further information contact:
Vincent Metcalfe
Chief Financial Officer
514.249.9960