Only three of the proposed new slate own any shares of the Company. Granger is attempting to take over your Company without compensation to the current shareholders.
Granger is opportunistically seizing this moment to fill the board with his own nominees and turn an approximately 6.8% interest in Fancamp into effective control.
Under the Granger "plan", the dissident controls the board and the shareholders obtain no premium.
The Concerned Shareholder Circular is based upon false allegations and misleading and slanted information and are intended to persuade you to willingly support the Concerned Shareholder under the false premise of protecting shareholder value.
Granger did not personally own any shares or support the market in any way during his term as Chairman and director of Fancamp.
Granger only recently purchased 75,000 shares to be eligible for the role of concerned shareholder.
As a director of the Company since July 5, 2010 and as the Chairman of the board from December 7, 2010 up to October 9, 2012, Granger has been involved in and approved all final decisions regarding corporate strategy, annual budgets and program resource allocation.
Granger's hand-picked nominees for the replacement board have prior relationship with Granger, but no financial interest in Fancamp except for two of the nominees.
Granger has not demonstrated any value added strategic input nor a coherent exploration and development strategy.
Te share price of Copper Reef Mining Corporation, an issuer for which Granger acts as Chairman according to public records, has tumbled approximately 76% since December 31, 2009 (compared to Fancamp's 69%).
The shares of Pinetree Capital Ltd., a TSX listed venture capital firm for which Mr. Sheldon Inwentash, one of Granger's slate nominees, acts as Chief Executive Officer and Chairman, has plunged an estimated 72% in the past two years.
There is little evidence that Granger's proposed slate of directors would add value to Fancamp. Only three of them including Granger have any prior interest or ownership in Fancamp, raising concerns about their lack of knowledge of the Company and its operations.
