Clearly Osisko is driving the Falco bus, which I think is a very positive factor. Luc Lessard has been appointed President and CEO. Luc previously headed up the Malarctic partnership and prior to that was COO for Osisko. This change follows on the Jan 2015 early notice that Osisko issued that reported, in part; “expanded the purposes for which it may continue to hold the existing holdings” in Falco and determined that, in addition to investment purposes, “it may use existing holdings for purposes of influencing the corporate, managerial and strategic policies,”

- See more at: http://www.northernminer.com/news/is-osisko-gold-royalties-charting-a-new-course-for-falco-resources/1003433312/?&er=NA#sthash.ZrpG0Cqt.dpuf

Falco Resources Corporate Update1 hour ago by Marketwire

Falco Resources Ltd. ("Falco", or the "Corporation") (TSX VENTURE: FPC) announces that Mr. Trent Mell has stepped down as President and Chief Executive Officer of Falco and as a Director.

The Board of Directors wish to thank Mr. Mell for his tremendous efforts as President and Chief Executive Officer of the Corporation.

Mr. Sean Roosen, Chairman of Falco noted, "Trent has provided essential leadership at Falco through a period of dramatic corporate transition. Falco is well positioned for the next stage of its evolution thanks to his hard work. We will now focus on the technical and engineering work to permit and develop our flagship asset."

The Board met and appointed Luc Lessard, President and Chief Executive Officer of Falco. Mr. Lessard will work closely with the Corporation's board and management to advance Falco's Horne project. Mr. Lessard is a mining engineer with more than 25 years of experience designing, building and operating mines. He was previously Chief Operating Officer of the Canadian Malartic Partnership (owned jointly by Agnico Eagle and Yamana), and prior to that was the Chief Operating Officer and Vice President of Engineering and Construction for Osisko Mining Corporation, where he was responsible for the design, construction and commissioning of the world class Canadian Malartic gold mine. During his career, Mr. Lessard has worked on 11 open pit and underground mine builds and prior to Osisko, Mr. Lessard was Vice President of Engineering and Construction for IAMGOLD and General Manager, Projects for Cambior Inc.