MONTREAL, April 27, 2021 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (FPC: TSX-V) (“Falco” or the “Corporation”) is pleased to announce that it has concluded an agreement with Osisko Gold Royalties Ltd, (“Osisko”) to sell its portfolio of net smelter return royalties (the “Royalties”) varying from 1% to 2% (the “Royalty Transaction”) which were acquired on April 12, 2021 from IAMGOLD Corporation pursuant to the exercise of a right of first refusal it held over the Royalties. The Royalties relate to, among others, properties known as Flavrian and Central Camp and which are exploration properties surrounding the main Horne 5 properties. The consideration for the sale of the Royalties by a subsidiary of Falco to Osisko is CDN$700,000, payable in cash upon closing of the Royalty Transaction.
Falco Agrees to Sell a Portfolio of Net Smelter Return Royalties
Apr 27, 2021
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