Falco Resources Ltd. (“Falco” or the “Company”) (FPC.V) is pleased to announce that, effective today, it has retained the services of Hinge Markets Inc. ("Hinge Markets") of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.
Under the terms of the Arrangement, each former shareholder of Golden Queen is entitled to receive 1.35 of a common share of Falco (each whole share, a "Falco Share") in exchange for each common share of Golden Queen (each whole share, a "Golden Queen Share") held immediately prior to the effective time of the Arrangement. Luc Lessard, President and Chief Executive Officer of Falco, stated: “We are very pleased to close this transaction with Golden Queen providing Falco with access to approximately $4.2 million in cash resources.”
Assuming that the remaining closing conditions are satisfied or waived, it is anticipated that closing of the Arrangement will occur on March 27, 2020. On closing of the Arrangement, Golden Queen shareholders will receive 1.35 Falco shares for each Golden Queen share held.