Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
Fancamp Exploration Ltd. Announces Non-Brokered Private Placement-Option Grant
Published : December 19, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Capital Markets | Copper | Iron | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2012) - Fancamp Exploration Ltd. (News - Market indicators) ("Fancamp" or the "Issuer") is pleased to announce that it has entered into an agreement with Marquest Capital Markets (the "Finder") in connection with a non-brokered private placement financing of 8,200,200 flow-through units ("FT Units") at a price of $0.165 per FT Unit for aggregate gross proceeds of up to $1,353,033 (the "Offering").

The Offering is expected to close later this month. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month and a day statutory hold period in Canada.

Each FT Unit will consist of one "flow-through share", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"), of Fancamp and one common share purchase warrant (a "Warrant"). Each Unit will consist of one common share of Fancamp and one-half of a Warrant. Each whole Warrant shall entitle the holder thereof to acquire one additional common share of the Issuer (on a non-flow-through basis) at a price of $0.25 until the date which is 12 months following the closing of the Offering.

As compensation for the services provided by the Finder, the Issuer will pay a cash finder's fee of 6% of the gross proceeds of the Offering raised by the Finder.

The Issuer intends to use the proceeds raised from the issuance of the FT Units to incur additional exploration expenditures on the Issuer's properties in the province of Quebec. Such exploration expenditures will constitute "Canadian exploration expenses" and "flow through mining expenditures", as defined under the Income Tax Act (Canada), which can be renounced to Canadian purchasers of the FT Units for the 2012 taxation year. FT Unit investors who are eligible residents of Quebec will also be entitled to receive Quebec provincial tax credits for qualified exploration expenditures.

The Company has also granted incentive stock options to directors for the purchase of up to 2,250,000 common shares in its capital stock, at a price of $0.20 per share, exercisable on or before December 17, 2017. 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 TSX Venture Exchange hold period, commencing on the date the incentive stock options are granted.

ABOUT FANCAMP EXPLORATION LTD.

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of resource projects, all in the exploration stage. In Quebec, there is the South Lamelee Iron Property resource, close to the operating Arcelor Mittal Fire Lake Mine and the adjoining Champion Minerals/Fancamp flagship Fire Lake North Project; as well as the promising Stoke Mountain Phelps Dodge Copper Zone; and other grass roots projects in the Quebec Appalachians.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Fancamp Exploration Ltd.

Peter H. Smith, PhD, P.Eng., Chairman and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Fancamp Exploration Ltd.
Peter H. Smith, PhD, P.Eng.
Chairman and Director
604-434-8829
604-433-8823 (FAX)
www.fancampexplorationltd.ca
Companies Mentionned : Aura Minerals | Champion Minerals | Phelps Dodge |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Fancamp Exploration Ltd.

EXPLORATION STAGE
CODE : FNC.V
ISIN : CA30710P1027
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Fancamp Expl. is an exploration gold and cobalt 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$ 6.8 millions as of today (US$ 5.3 millions, € 4.7 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 151 801 629 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Fancamp Exploration Ltd.
12/22/2012Closes Non-Brokered Private Placement
12/22/2012Closes Non-Brokered Private Placement
12/19/2012Announces Non-Brokered Private Placement-Option Grant
3/28/2011Closes Final Tranche of Brokered Financing
Nominations of Fancamp Exploration Ltd.
9/11/2013Proposes Changes to the Board of Directors
10/9/2012Appoints Jean Lafleur Chairman of the Board
Project news of Fancamp Exploration Ltd.
3/13/2013Announces Positive Pilot Test Results for the Production of ...
2/3/2011(Desolation Lake)to Focus on Deeply Buried Targets in James Bay Lowlands
1/17/2011(East Inlet)Acquires Interest in Strategic Iron Properties in the Fermon...
1/17/2011(Black Dan)Acquires Interest in Strategic Iron Properties in the Fermon...
11/12/2010(Mcfaulds Fancamp)Drilling Starts at McFaulds Lake
Corporate news of Fancamp Exploration Ltd.
8/19/2016Fancamp Clarifies Recent Disclosures
6/29/2016Fancamp Exploration Ltd.: Return of the Lac Lamelee South Ir...
6/9/2016Fancamp Exploration Ltd.: Shares for Debt Transaction
5/24/2016Fancamp Provides an Update on New Acquisitions in the Grenvi...
5/11/2016Fancamp Exploration Ltd.: Proposed Shares for Debt Transacti...
4/20/2016Fancamp Exploration Ltd.: Exploration Update
11/23/2015Fancamp Announces Voting Results
11/19/2015Fancamp Exploration Ltd.: High Grade Zinc Discovery in the H...
11/12/2015Successful Test for Fancamp's Magpie Process
10/29/2015KWG, Bold & Fancamp Extend Koper Lake Option
7/13/2015Fancamp Announces Receiving Samples of TiO2-Concentrates and...
6/15/2015Fancamp Acquires a Portfolio of Interests From The Sheridan ...
3/26/2015Drill Program Demonstrates High Grade Gold Vein Continuity o...
3/26/2015Fancamp Exploration Ltd.: Drill Program Demonstrates High Gr...
3/3/2015Fancamp Reaches New Agreement With Pangang Group Limited
1/26/2015Optioned Oxford Brook, New Brunswick Property; VMS Discovery...
1/26/2015Fancamp's Optioned Oxford Brook, New Brunswick Property; VMS...
12/23/2014Fancamp Provides an Update of Activities on the High Grade G...
12/22/2014Fancamp Grants Options
11/19/2014Fancamp Acquires Options on Bonanza Grade Gold Quartz Vein P...
10/31/2014Fancamp Announces Voting Results
10/27/2014Fancamp Exploration Ltd.: Update, Magpie Test Results
10/22/2014Fancamp Tests High Grade Gold Quartz Vein System on Its Robi...
10/14/2014Fancamp Reports Assay Results of 5 Intercepts From 3 Holes R...
10/8/2014Fancamp Signs Final Agreement With Uragold Bay Resources
9/17/2014Fancamp and Uragold Bay Sign a Letter of Intent Regarding th...
8/18/2014Fancamp Appoints New Director
7/4/2014Fancamp Announces a Normal Course Issuer Bid
5/14/2014Fancamp Acquires New Palladium Prospect Option in the Labrad...
5/7/2014Fancamp Grants Stock Options
5/5/2014Fancamp Enters Into Rights Agreement Governing Certain Inves...
10/30/2013Announces Voting Results and Allocates Stock Options
10/25/2013Highlights Milestones Achieved
9/18/2013Announces the Approval of an Advance Notice Policy
9/16/2013, Champion and Gimus Secure Deal to Develop Fancamp's Lac La...
8/6/2013Makes a Key Management Addition
1/16/2013Reports Unpublished Results on the Recently Acquired Namex P...
1/14/2013Options Remaining 40% Interest in Koper Lake Project From th...
1/8/2013Options Two Highly Prospective Claim Blocks in the Chapais C...
12/21/2012Dictates Direction and Key Milestones for 2013
11/28/2012Issues Final Set of Assay Results From the Lac Lamelee South...
11/13/2012Issues Third Set of Assay Results From the Lac Lamelee South...
11/6/2012Releases Second Assay Results From the Lac Lamelee South Iro...
10/31/2012Announces Voting Results and Management Changes
10/22/2012Announces First Assay Results From the Lac Lamelee Iron Proj...
10/22/2012Announces That a Leading Proxy Advisory Firm Recommends That...
10/22/2012Announces That a Leading Proxy Advisory Firm Recommends That...
10/22/2012Announces That a Leading Proxy Advisory Firm Recommends That...
9/28/2012Announces Exploration Work on the Gaspe Gold Property
4/21/2011Drilling at McFaulds Lake Property, Ring of Fire, Northern O...
4/8/2011Announces $10,000,000 Brokered Financing by the Magpie Mines...
2/16/2011Increases Interest in Lac Lamalee Iron Property to 100%
12/31/2010Completes Final Tranche of $4 Million Brokered Financing
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (FNC.V)
0.045+12.50%
TSX-V
CA$ 0.045
08/22 10:32 0.010
12.5%
Prev close Open
0.040 0.045
Low High
0.045 0.045
Year l/h YTD var.
0.020 -  0.050 80.00%
52 week l/h 52 week var.
0.020 -  0.050 12.50%
Volume 1 month var.
393,000 12.50%
24hGold TrendPower© : -2
Produces
Develops
Explores for Gold - Iron - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
201650.00%0.060.02
2015-40.00%0.050.02
20140.00%0.120.04
2013-61.54%0.160.04
2012-56.67%0.380.12
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Adamera MineralsADZ.V
Adamera Minerals Starts Work Program on Lambert Creek Property
CA$ 0.11-8.33%Trend Power :
Radisson Mining(Cu-Zn-Mo)RDS.V
Radisson intersects 16.15 g/ 2Ft gold over 3.0m in lateral extension of current mineral resource of t
CA$ 0.16-8.33%Trend Power :
Vectren(Ngas)VVC
Vectren Announces Addition to Investor Relations Team
US$ 50.09-0.48%Trend Power :
Noble Mineral Exploration Inc.NOB.V
Noble Announces Best Efforts Private Placement of $1,250,000 10% Convertible Debentures
CA$ 0.02-20.00%Trend Power :
Midas(Au)MDS.AX
to Initiate Drill Program on its Stibnite Gold Project
AU$ 0.15+0.00%Trend Power :
Troy Res.(Ag-Au-Cu)TRY.AX
Investor Presentation
AU$ 0.42-8.60%Trend Power :
Trina SolarTSL
Announces Second Quarter 2016 Results
US$ 10.52-0.19%Trend Power :
Yingli GreenYGE
Yingli Green Energy Reports Second Quarter 2016 Results
US$ 3.99-2.21%Trend Power :
Carbon Energy(Ur-Au)CNX.AX
Carbon Energy announces CEO appointment
AU$ 0.01-6.67%Trend Power :
Fortescue Metals(Fe)FMG.AX
Appendix 4G Key to Corporate Governance Disclosures
AU$ 4.83-3.98%Trend Power :
Fortescue Metals(Fe)FMG.AX
Corporate presentation FY16 results
AU$ 4.83-3.98%Trend Power :
Fortescue Metals(Fe)FMG.AX
Media release FY16 results
AU$ 4.83-3.98%Trend Power :
Fortescue Metals(Fe)FMG.AX
Notification of dividend / distribution August 2016
AU$ 4.83-3.98%Trend Power :
Fortescue Metals(Fe)FMG.AX
FY16 Annual Report including Appendix 4E
AU$ 4.83-3.98%Trend Power :
Sayona Mining LTDSYA.AX
Investor Presentation 17 August 2016
AU$ 0.02-4.35%Trend Power :
Sayona Mining LTDSYA.AX
Portfolio Rationalisation to Focus on Authier Development 16 August 2016
AU$ 0.02-4.35%Trend Power :
Strategic Min(ag-au-cu)SMC.AX
2016 Woolgar Gold Exploration Program Underway (PDF - 245 Kb)
AU$ 0.32-3.03%Trend Power :
Imdex(Oil)IMD.AX
Full Year Results Announcement
AU$ 0.61-1.61%Trend Power :
Imdex(Oil)IMD.AX
Preliminary Final Report
AU$ 0.61-1.61%Trend Power :
Bluescope Steel LTDBSL.AX
FY2016 Full Year Appendix 4E, Directors Report and Accounts
AU$ 8.94-1.43%Trend Power :