FANCAMP EXPLORATION LTD. ("FNC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 5, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated
October 4, 2010 between Fancamp Exploration Ltd. (the "Company") and Les
Ressources Tectonic Inc. ("LRT", Jean Laforest), whereby the Company has
an option to acquire 9 mining claims located approximately 18km
northeast of Sherbrooke, in Quebec's Eastern Townships. In
consideration, the Company will pay $55,000 in cash ($20,000 in the
first year), issue 275,000 common shares (100,000 shares in the first
year) to LRT and incur a total of $175,000 ($25,000 in the first year)
in exploration expenditures over three years. There will be 2% NSR, of
which 1% may be purchased by the Company for $1 million.