Fancamp Exploration three-million-FT-share financing

Fancamp Exploration Ltd (C:FNC)
Shares Issued 27,530,981
Last Close 9/25/2008 $0.52
Friday September 26 2008 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Sept. 19, 2008.

First tranche

Number of shares: three million flow-through shares

Purchase price: 50 cents per flow-through share

Warrants: 1.5 million share purchase warrants to purchase 1.5 million shares

Warrant exercise price: 75 cents for a two-year period

Number of hidden placees: eight

Agents' fees: $58,000 cash and 145,000 options payable to Limited Market Dealer Inc.; $60,000 cash and 150,000 options payable to Pope & Company Ltd. Agent fee options are exercisable at 50 cents per non-flow-through unit for two years and the units are under the same terms as those to be issued pursuant to the private placement.

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