Falco Resources Ltd. announced a financing transaction with Osisko Gold Royalties Ltd. where Osisko has agreed to commit $180 million through a silver stream toward the funding of the development of Falco’s Horne 5 Project. Osisko will also purchase a secured debenture having a principal amount of $7 million from Falco. “The funds will be instrumental as Falco looks forward to building a high-quality, profitable and environmentally safe project that will deliver significant economic benefit to all of our stakeholders,” said Luc Lessard, president and CEO. “The partnership with Osisko and its cornerstone investment further demonstrates its commitment to supporting the next significant mine build in Québec, a leading mining jurisdiction.”
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