Mr. Vincent Metcalfe reports
FALCO ANNOUNCES ELECTION OF DIRECTORS, APPOINTMENT OF LEAD DIRCTOR AND GRANTING OF STOCK OPTIONS
The seven nominees listed in Falco Resources Ltd.'s management information circular dated Oct. 27, 2015, were elected as directors of the company.
Detailed results of the vote for the election of directors held at the annual meeting of shareholders on Nov. 24, 2015, are set out in the attached table.
Nominee Votes % Votes %
for for withheld withheld
Mario Caron 36,982,988 99.97% 10,000 0.03%
Helene Cartier 36,979,988 99.96% 13,000 0.04%
James Davidson 35,039,288 94.72% 1,953,700 5.28%
Claude Ferron 34,401,788 93.00% 2,591,200 7.00%
Paul-Henri Girard 35,039,288 94.72% 1,953,700 5.28%
Luc Lessard 36,992,988 100.00% 0 0.00%
Sean Roosen 35,039,288 94.72% 1,953,700 5.28%
The appointment of PricewaterhouseCoopers LLP also as provided for in the management information circular was approved.
Lead director
The board of directors is pleased to announce the appointment of Mario Caron, newly elected director of the corporation, as lead director of the board.
Mr. Caron holds a bachelor of engineering in mining from McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario. He is a mining executive with over 35 years of experience in the mining industry, including board and management expertise in operations, development, exploration and capital markets, as well as government relations with companies having projects in the Americas, Africa and Southeast Asia.
Long-term incentive grants
Following the election of directors, the board of directors approved the grants of incentive stock options to the newly elected directors to purchase up to a total of 734,521 common shares in the share capital of the company. Grants to directors are subject to a two-year vesting period and a three-year term at an exercise price of 26 cents per share.
© 2024 Canjex Publishing Ltd. All rights reserved.