March 19 (Reuters) - Falco Resources Ltd FPC.V :
* FALCO INCREASES OFFER FOR GOLDEN QUEEN MINING CONSOLIDATED LTD.
* DECIDED TO INCREASE CONSIDERATION OFFERED TO SHAREHOLDERS OF GOLDEN QUEEN ("GOLDEN QUEEN SHAREHOLDERS")
* GOLDEN QUEEN'S SOLE ASSET IS A CASH BALANCE ESTIMATED AT APPROXIMATELY $4.2 MILLION AT CLOSING OF TRANSACTION
* ALL OTHER TERMS OF ARRANGEMENT REMAIN UNCHANGED
* FALCO RESOURCES - CO PROPOSING EXCHANGE RATIO OF 1.35 COMMON SHARES OF CO FOR EACH COMMON SHARE OF GOLDEN QUEEN