IMO, discovery of Chromite is given. Also Nickel will be found from the C-1 target. If high grade nickel bearing masive sulphides at a vertical depth of 400-500 is found, it is going to be really interesting, isn't it? With only 50 million o/s?

"...A substantial portion of the Eagle One ultrabasic intrusive complex (C1 Target) is located on the Company’s property...."

Based the history records, Fancamp is expected to close $2-million PP by Monday or Tuesday next week. The raised money will be used for the expansion of exploration activities, but I believe the insiders want to make sure to cover their own interest (participants in the PP) before the drilling results are released.

2010-04-12 12:56 Fancamp Exploration arranges $2-million financing

2009-12-22 15:28 Fancamp closes $1.79-million private placement (8 days)

2009-12-14 14:39 Fancamp Exploration arranges $1.79-million FT offering

2009-12-02 15:08 Fancamp closes $450,000 private placement ( 6 days)

2009-11-26 12:59 Fancamp arranges $450,000 financing