VANCOUVER, BC--(Marketwired - November 26, 2014) - Falco Resources Ltd. ("Falco") (
"Each of these individuals has an outstanding track record and will be called upon to help formulate Falco's strategy," said Sean Roosen, Chairman of Falco's Board of Directors. "We have high expectations for the Horne Complex and our Rouyn-Noranda land package and I believe we are assembling a team capable of unlocking meaningful shareholder value."
New Independent Director Nominees
All nominees are proven leaders with strong operational and C-suite experience. The following is a brief biography of each of the new nominees:
"Each nominee has considerable experience not only in the industry but also in the Abitibi Greenstone Belt," noted Mr. Mell, President and CEO. "I welcome the guidance and support of a reconstituted board in what will be a very active period for Falco."
The new independent nominees were recruited following a Board renewal process overseen by Falco's Nominations Committee and executed by Russell Reynolds Associates, a global executive leadership and search firm.
Incumbent Director Nominees and Retiring Directors
The incumbent directors nominated for election are as follows:
Dr. Mike Byron and Gord Neal, two co-founders of the Company, will be not be standing for re-election at the annual meeting. Dr. Byron will, however, continue in a leadership role as Vice President, Exploration. The Board wishes to thank them both for their leadership and contribution to Falco growth.
Withdraws Rights Plan
Falco also announced today that its Board of Directors has decided to withdraw the shareholder rights plan adopted July 14, 2014. The rights plan had been approved by the TSX Venture Exchange and was subject to ratification by shareholders. The rights plan previously approved by shareholders on December 5, 2013 will continue to be in effect.
About Falco
Falco Resources Ltd. (
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the reliability of the historical data referenced in this press release and those risks set out in Falco's public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information:
For further information contact:
Mr. Dean Linden
Senior Vice President
Business Development
425.449.9442
dlinden@falcores.com
Ms. Deanna Kress
Corporate Communications
604.336.6346
855.238.4671
dkress@falcores.com