Falco Pacific Shareholder Osisko Attracts Unsolicited Takeover Offer From Goldcorp
14 Gennaio 2014 - 1:00PM
Marketwired
Falco Pacific Shareholder Osisko Attracts Unsolicited Takeover
Offer From Goldcorp
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) -
Falco Pacific Resource Group Inc. ("Falco Pacific" or the
"Company") (TSX-VENTURE:FPC) advises its shareholders that
Vancouver-based Goldcorp Inc. yesterday announced an unsolicited
takeover offer for Osisko Mining Corporation, a major shareholder
of the Company. Osisko controls 11.4% of the issued and outstanding
shares of Falco Pacific, operates the Canadian Malartic Gold Mine
located 80 kilometres east of Falco Pacific's Rouyn-Noranda Project
and is also the owner of the pre-production Upper Beaver
gold-copper deposit located 60 kilometres west of Falco's
Rouyn-Noranda Project.
In a press release announcing the acquisition, Goldcorp
President and CEO Chuck Jeannes emphasizes the attractiveness of
Quebec based mining assets. "We are particularly pleased to be
making a further substantial investment in the Province of Quebec,
one of the best mining jurisdictions in the world. Goldcorp will be
the largest gold producer in the province with the resources to
continue building collaborative, long-term relationships while
leveraging corporate and regional synergies".
Falco Pacific is currently in the final stages of preparation of
the maiden NI43-101 resource for the Horne 5 Deposit, which
represents the largest, partially developed gold deposit in the
southern portion of the Abitibi greenstone belt. Horne 5 is one of
a number of known zones of gold and gold-base metal mineralization
which forms the Horne Mine Complex, centered around the former
producing Horne copper-gold deposit. The initial NI43-101 resource
estimate for the Horne 5 Deposit is anticipated to be delivered
first quarter of 2014 and the Company has already begun the process
of compiling the data to allow the incorporation of a number of
other nearby zones/deposits into the resource model for the Horne
Mine Complex. Falco has currently inputted in excess of 10,000
historical drill holes into the new resource model.
About Falco Pacific Resource Group
Founded in 2012 with the acquisition of the 728 square kilometre
Rouyn-Noranda Project in Quebec, Falco Pacific is led by a veteran
exploration team and is focussed on the evaluation of precious and
base metal targets in one of the world's great mining camps.
For more information, please go to www.falcopacific.com.
On behalf of the Board of Directors of FALCO PACIFIC RESOURCE
GROUP
Kelly Klatik, President and CEO
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.
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.
Forward-looking statements include terms of the transaction,
including acquisition costs, shares to be issued and approval of
the TSX Venture Exchange and future plans. 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 those risks set out in the Company's public documents filed
on SEDAR at www.sedar.com. Although the Company 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
law, the Company disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
This news release contains information with respect to adjacent
or similar mineral properties in respect of which the Company has
no interest or rights to explore or mine. Readers are cautioned
that the Company has not interest in or right to acquire any
interest in any such properties, and that mineral deposits on
adjacent or similar properties are not indicative of mineral
deposits on the Company's properties.
Falco Pacific Resource GroupMr. Dean LindenBusiness
Development1.425.449.9442info@falcopacific.comwww.falcopacific.com
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