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Financings

Falco Announces Election of Directors, Appointment of New Chair of The Board and Closing of Its Senior Debt Transactions

By The Northwire Desk — AI Analysis Dec 16, 2025 · 07:00 FPC · 0.415 Falco Resources Ltd.
FPC · Price

Executive Summary

  • Five nominees were elected to Falco’s Board and Alexander Dann was appointed Chair of the Board.
  • The corporation closed senior debt transactions with OR Royalties and Glencore, amending both loans and issuing new warrants.
  • Significant financing terms were disclosed: OR Royalties Loan principal increased to $26.1 M; Glencore Debenture principal increased to $15.43 M; new warrant issuances totaling ~40.7 M shares at exercise prices between $0.38‑$0.58.

Key Details

  • Board Elections: Five directors listed in the November 4, 2025 management information circular were elected.
  • Chair Appointment: Alexander Dann appointed Chair of the Board effective immediately; Mario Caron continues as lead director.
  • Auditor Appointment: PricewaterhouseCoopers, LLP appointed as independent auditor for the upcoming year.
  • LTIP Approval: Shareholders approved continuation of the existing rolling 10% long‑term incentive plan.
  • OR Royalties Loan Amendment:
  • Principal capitalized to $26,098,521 (interest accrued and added).
  • Conversion price remains $0.45 per common share; interest rate 9 %.
  • Existing 17,690,237 warrants at $0.58 exercise remain outstanding until 31 Dec 2025.
  • New issuance of 19,332,237 OR Royalties Warrants (exercise $0.58, exercisable from 1 Jan 2026, expire 31 Dec 2026).
  • Glencore Debenture Amendment:
  • Principal capitalized to $15,433,754 (interest accrued and added).
  • Conversion price remains $0.37 per common share; interest rate 10 %.
  • Existing 19,424,944 warrants remain outstanding until 31 Dec 2025.
  • New issuance of 21,381,422 Glencore Warrants:
    • 15,061,158 at $0.38 exercise price,
    • 6,320,264 at $0.42 exercise price, both exercisable from 1 Jan 2026, expire 31 Dec 2026.
  • Hold Periods: Common shares issuable upon conversion of the OR Royalties Loan and Glencore Debenture are subject to a four‑month hold period from the effective date (31 Dec 2025); same hold applies to shares underlying the newly issued warrants.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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