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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2014) - Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX VENTURE:FNC) has granted incentive stock options to its directors, officers and service providers, for the purchase of up to 2,450,000 common shares in its capital stock, at a price of $0.15 per share, exercisable on or before May 2, 2019. The options are granted pursuant to the Company's stock option plan, under which a maximum of ten percent (10%) of the issued and outstanding common shares are reserved for issuance. Shares issuable upon exercise of the incentive stock options are subject to a 4-month hold period, commencing on the date the incentive stock options are granted. About Fancamp Exploration Ltd (www.fancampexplorationltd.ca) Fancamp Exploration Ltd. is a Canadian junior mineral exploration company that continues to evolve into a holder of shares in partner companies and royalties on near-term producing mines. These assets are designed to generate free cash flow without further shareholder dilution. Fancamp has an exceptional inventory of resource projects at various stages of development covering more than 1,710 km2 in three provinces. The commodities include hematite-magnetite iron formations, titaniferous magnetite, hematite, nickel/copper/PGM, chromite, Volcanogenic Massive Sulphides and gold. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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Fancamp Exploration Ltd.
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EXPLORATION STAGE |
CODE : FNC.V |
ISIN : CA30710P1027 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fancamp Expl. is a gold and cobalt exploration company based in Canada. Fancamp Expl. holds various exploration projects in Canada. Its main exploration properties are FERMONT IRON, BEAUCE, MCFAULDS FANCAMP, GAMACHE TWP, LAC MECHANT and LAC ROCHER in Canada. Fancamp Expl. is listed in Canada. Its market capitalisation is CA$ 8.3 millions as of today (US$ 6.1 millions, € 5.5 millions). Its stock quote reached its lowest recent point on December 28, 2001 at CA$ 0.01, and its highest recent level on March 07, 2008 at CA$ 3.15. Fancamp Expl. has 151 800 000 shares outstanding. |