"...The net proceeds of the financing will be used to fund the exploration and development of the Company's Fermont Iron Property, as well as for general corporate purposes..."

I have a strong feeling that we may see our FNC shares change colour in a near future! The next step to follow the rolling out of Magpie may well be a FNC-CHM merger, through a Plan of arrangement or otherwise. Too much noise around, something is cooking and ready to boil!

Note that Mr De Quadros was President and CEO, and Dr Kamaleddine was also a Director of Northern Platinum when they merged last fall with Prophecy Resources (PCY-V). They know the ins and outs of this kind of transaction. I also think that they were long foreseeing this to happen regarding Fermont, (and Prophecy): The Magpie Mines Ltd having been incorporated by "the Trio" in December 07... All speculations, really, my binoculars are doing what they can!

Another indication that the reins of Fancamp are already in the hands of the Large Transactions Makers: if you notice, the last NR does not come from Peter Smith's desk, and has probably been prepared by the Law firm's junior! Mistaking the name of the Corporation (Fancamp Resources instead of Fancamp Exploration) in the very first sentence of the News Release can hardly be the fault of an internal employee of the corporation!

Questions remaining: Quid McFauld and the Beauce...

GLTA.

BaBe.