HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: FNC news
News
posted on Dec 31, 08 10:49AM
Fancamp Announces Closing of Quebec Flow Through Financing
10:14 EST Wednesday, Dec 31, 2008
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2008) - Fancamp Exploration Ltd. (TSX VENTURE:FNC): Fancamp Exploration Ltd. is pleased to announce the closing of a non-brokered private placement of $150,000 through the sale of 600,000 flow-through units at $0.25 per Unit. Each Unit consists of one flow-through common share and one-half of one non flow-through share purchase warrant (the "Warrants"). Each whole Warrant is exercisable at a price of $0.50 per share until December 30, 2010, subject to earlier forced acceleration in the event the Company's shares close at a price of $1.00 per share or more for 30 consecutive trading days after the four month hold expires. The flow-through shares are subject to a four month hold period expiring on May 1, 2009.
A finder's fee of 6% in cash and 10% in options for Units will be paid to eligible finders in relation to this financing.
ON BEHALF OF THE BOARD
Peter H. Smith, Ph.D., P.Eng., President
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