|Bid||0.5200 x 0|
|Ask||0.5500 x 0|
|Day's Range||0.5100 - 0.5600|
|52 Week Range||0.1700 - 0.6000|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.60|
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.
The Transaction was approved by 99.64% of the votes cast by Golden Queen shareholders, with shareholders holding 6,033,912 shares or 44.59% of the outstanding shares of the Company present in person or represented by proxy at the Meeting. On closing of the Transaction, Golden Queen shareholders will receive 1.35 Falco shares for each Golden Queen share held.
Golden Queen’s sole asset is a cash balance estimated at approximately $4.2 million at closing of the transaction. As a consequence of recent extraordinary events, global market conditions and decline in its share price, Falco increases its initial offer to Golden Queen Shareholders and is now proposing an exchange ratio of 1.35 common shares of Falco for each common share of Golden Queen held immediately prior to the effective time of the Arrangement.
If you're interested in Falco Resources Ltd. (CVE:FPC), then you might want to consider its beta (a measure of share...
VANCOUVER , Feb. 11, 2020 /CNW/ - Trading resumes in: Company: Falco Resources Ltd. TSX-Venture Symbol: FPC (All Issues) Resumption (ET): 14:45 IIROC can make a decision to impose a temporary suspension ...
The Acquisition is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). Through this non-cash transaction, Falco is offering a 15% premium on the forecasted net cash balance of Golden Queen at the closing of this transaction, in consideration for the issuance of 15,968,075 common shares of Falco (each whole share, a "Falco Share") to holders of Golden Queen Shares ("Golden Queen Shareholders").
The amendment to the Silver Stream Transaction is considered to be a “related party transaction” under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”) but is exempted from the requirements to obtain a formal valuation pursuant to section 5.5(b) of Regulation 61-101, as the common shares of Falco (the “Common Shares”) are not listed on any of the specified markets. The transaction is also exempted from the requirement to obtain minority approval pursuant to 5.7(1)f) of Regulation 61-101, as the Silver Stream Transaction (i) is on reasonable commercial terms that are not less advantageous to the Company than if the Silver Stream Transaction was obtained from an arm’s length party, and (ii) is not convertible, directly or indirectly, into equity or voting securities of the Company.
Sector(s): Basic Materials
Industry: Other Industrial Metals & Mining
Full Time Employees:
Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. The company explores for base and precious metals, such as gold, zinc, copper, and silver deposits. It owns mining claims and contractual rights in relation to mining concessions covering approximately 67,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of QuÃ©bec. The company was formerly known as Falco Pacific Resource Group Inc. and changed its name to Falco Resources Ltd. in July 2014. Falco Resources Ltd. was incorporated in 2010 and is headquartered in Montreal, Canada.