"royalty payments in favour of Fancamp" Are they obligated to report if they didn't receive the grant?

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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Tony T

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"royalty payments in favour of Fancamp" Are they obligated to report if they didn't receive the grant?

posted on May 16, 2017 12:09PM

"Polycor and Fancamp have successfully negotiated the sharing of exploration expenditures and royalty payments in favour of Fancamp should the tests result in production opportunities. "

Funny how they excluded "shareholders" in this sentence. Status quo continues for Smith and BOD while fnc shareholders continue to suffer.

Also, why not include an update on whats going on with Magpie process and the long awaited grant from Gov.? If they are still awaiting an answer, should they not have included that in the update? OR Did Fancamp already receive the answer? Are they obligated to report if they didn't receive the money?