Osisko Development acquires 6.25M Falco Resources units

Executive Summary

• Osisko Development Corp., via its subsidiary Barkerville Gold Mines Ltd., acquired 6.25 million units of Falco Resources Ltd. for $2 million (C$0.32 per unit) in a bought‑deal private placement.
• The transaction increased Osisko’s indirect ownership to approximately 15.9 % basic non‑diluted and 17.1 % partially diluted of Falco’s common shares, plus additional warrants.
• An early‑warning report relating to the acquisition will be filed with Canadian securities regulators and posted on SEDAR+.

Key Details

• Purchase Price & Structure: 6.25 million units at C$0.32 per unit; each unit = one Falco common share + one‑half of a Falco common share purchase warrant.
• Aggregate Consideration: Approximately C$2 million paid for the units.
• Pre‑offering Ownership (indirect via BGM): 48,675,240 common shares and 1.79 million warrants → ~16.0 % basic non‑diluted; ~16.5 % partially diluted.
• Post‑offering Ownership (indirect via BGM): 54,925,240 common shares and 4.915 million warrants → ~15.9 % basic non‑diluted; ~17.1 % partially diluted.
• Early Warning Report: To be filed with Canadian securities regulators; available on SEDAR+ under Falco’s issuer profile. Contact Philip Rabenok (437‑423‑3644, [email protected]) for copies.
• Purpose of Acquisition: Securities were acquired for investment purposes; Osisko reserves the right to acquire additional Falco securities or dispose of its holdings at any time, subject to market conditions and business considerations.

Notable Quotes

(No direct quotes provided in the release.)