Re: Fancamp Announces First Tranche Closing of Brokered Financing by the Magpie Mine

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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MaCloud

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Re: Fancamp Announces First Tranche Closing of Brokered Financing by the Magpie Mine

in response to

Fancamp Announces First Tranche Closing of Brokered Financing by the Magpie Mine

waxweazle

posted on May 20, 2011 10:20AM

Fancamp Exploration Ltd. holds 54,921,962 common shares (46.7%) of the 117,610,352 issued and outstanding shares of The Magpie Mines Inc.

Excellent!! FNC's ownership came down only 2% (from 48.7% to 46.7%) after raising $3,234,499.60. If the company alluded to one of the largest and development companies in the world behind the scenes for the second tranche, it would have been really nice...

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