Falco Resources is a junior resource exploration company focusing on acquiring and exploring mineral properties.
Falco Resources is a junior resource exploration company focusing on acquiring and exploring mineral properties. Falco's genesis was from the acquisition of one of Canada's most established VMS mining camps, the Rouyn Noranda Mining Camp, including the Horne Mine Complex area (birth-place of Noranda in the 1920's) and 13 other former producers. Falco Resources has 100% ownership of 74,000 hectares of property, which represents 70% of the entire camp.Falco Resources employed a highly technical digitization and data mining strategy to move over 80 years of historical data into the 21st century. The bundling of this proprietary data with modern day technology, allowed Falco to 'rediscover' the Horne 5 deposit, culminating in a NI 43-101 inferred mineral resource estimate. The inferred resource consists of 2.15 million oz gold (2.8 million oz gold equivalent) at: 25.3 million tonnes @ 2.64 g/t gold, 0.23% copper, 0.70% zinc (3.41 g/t gold equivalent).
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Jun 28, 2017 | Post-IPO Debt | $5M | 1 | National Bank of Canada | — | Detail |
Jun 7, 2017 | Post-IPO Equity | $39.54M | 2 | — | — | Detail |
Jul 22, 2015 | Post-IPO Equity | $1.85M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
National Bank of Canada | Yes | Post-IPO Debt |
Ressources Québec | — | Post-IPO Equity |
Capital croissance PME | — | Post-IPO Equity |