FALCO ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT

Executive Summary

• Falco Resources Ltd. closed a bought‑deal private placement of 41,005,000 units at $0.32 per unit, generating gross proceeds of $13,121,600.
• Each unit includes one common share and half of a warrant exercisable at C$0.46 until April 17 2027; the underwriters received a cash fee of $787,296.
• Net proceeds will be used to advance the Horne 5 Project, as well as for working capital and general corporate purposes.

Key Details

• Units Issued: 41,005,000 (each = 1 common share + ½ warrant).
• Price per Unit: $0.32.
• Aggregate Gross Proceeds: $13,121,600.
• Warrant Terms: One‑half warrant per unit; each whole warrant allows purchase of one common share at C$0.46, exercisable any time before April 17 2027.
• Underwriters: Lead agent & sole bookrunner – Cantor Fitzgerald Canada Corp.; participants – BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp.
• Underwriter Cash Fee: $787,296 (aggregate).
• Use of Proceeds: Advancement of the Horne 5 Project; working capital; general corporate purposes.
• Hold Period: Units and warrants subject to a four‑month plus one day hold period under Canadian securities law.
• Related Party Participation: 7,455,000 units subscribed by related parties (Osisko Development Corp., certain directors/officers), representing a “related party transaction” under MI 61‑101; exemption relied upon for valuation and minority shareholder approval requirements.
• Regulatory Note: Material change report to be filed post‑closing regarding related‑party participation; no filing 21 days prior because participation not confirmed at that time.

Notable Quotes

(No direct quotes were provided in the release.)