Newly acquired Fermont Interest?

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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luker

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Newly acquired Fermont Interest?

posted on Feb 07, 2011 03:35PM

January 17, 2011 TSX Trading Symbol:

FNC

S.E.C. Exemption: 12(g)3-2(b)

Fancamp Exploration Ltd. (TSX Venture Exchange - FNC)

: Fancamp Exploration Ltd. (the
“Company”) wishes to announce the acquisition of a 17.5% working interest in Champion Minerals Inc.’s newly acquired Black Dan and East Inlet iron properties, located in the Fermont Iron Ore District,Labrador Trough, Quebec.

These properties border on the Penquin Lake and Audrey-Ernie Lakes claims and provide further iron mineralization to the already significant iron portfolio.

Refer to the Champion website, in particular the news release of January 22, 2011, for further details –

www.championminerals.com.

************************************************************

Just wondering if someone would please clarify the following:

How (and what amount) did FNC pay for the aquisition? Why is this information not in the news release? The above NR alludes to a Champion NR date of 1/22/11 (five days in the future from FNC's NR of 1/ 17/22 ....I believe someone had pointed this discrepancy out in the past). I an unable to find any info regarding this transaction on Champion's website.