Massive Share Dilution after AGM from year 2008 - 2011
posted on
Oct 21, 2012 02:00PM
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.
If Peter wins this time, he is most likely go for a massive share dilution to secure his vote in year 2013 and his wage and benefits. Wasting shareholder's money by poking around where no proper transportation is available and the inability to present a practical project plan to bring up the shareholder's value are seriously questioned. It is wise to take sincere advice from those who have been following this stock for a number of years. No matter what, he will be in the ceo's position after facing the security violation.
November 16, 2011
November 16, 2011 Fancamp Exploration Ltd. (TSX.V: FNC)
(“Fancamp” or the "Issuer") is pleased to announce that it has entered into an agreement with Industrial Alliance Securities Inc. and Secutor Capital Management Corporation (the "Agents") in connection with a private placement financing of units ("Units") at a price of $0.32 per Unit and flow-through units ("FT Units") at a price of $0.415 per FT Unit for aggregate gross proceeds of up to $6,500,000.00 (the "Offering"). The Offering is being made by the Agents on a commercially reasonable efforts and is expected to close in the month of December. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month statutory hold period in Canada.
November 15, 2010 FNC
Fancamp Exploration Ltd., (“the Company”) wishes to announce the closing of a non brokered private placement of $2,000,000 through the sale of 3,725,490 flow through shares (“FT Shares”) at $0.51 per FT Share and 219,780 non flow through shares (“NFT Shares”) at $0.455 per NFT Share.
November 9, 2009
Fancamp Exploration Ltd. (TSX Venture Exchange - FNC): Fancamp Exploration Ltd. (the Company”) wishes to announce the closing of a non-brokered private placement of $1,500,000 through the sale of 3,000,000 flow-through units (the “FT Units”) at $0.50 per FT Unit to Mineralfields Group.
Each FT 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 into one common share at a price of $0.75 per share for two years from the closing date, 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 March 7, 2010. Finder’s fees have been paid to Pope & Company Limited and Limited Market Dealer Inc.
November 20, 2009
Fancamp Exploration Ltd. (TSX Venture Exchange - FNC): Fancamp Exploration Ltd. (the Company”) wishes to announce that it is granting incentive stock options to directors and consultants for the purchase up to a total of 800,000 common shares in its capital stock, at a price of $0.50 per share, exercisable on or before November 20, 2014. The options were granted pursuant to the Company’s incentive stock option plan, under which a maximum of 10 percent of the issued and outstanding common shares are reserved for issuance. Shares issuable upon exercise of the incentive stock options are subject to a 4 month TSX Venture Exchange hold period, commencing on the date the incentive stock options are granted.
November 20, 2008
Fancamp Exploration Ltd. (TSX Venture Exchange - FNC): Fancamp Exploration Ltd. (the Company”) reports that the non-brokered private placement announced on September 19, 2008 was successful in raising gross proceeds of $1,720,000 for the Company, as previously announced, but one investor who had subscribed for $80,000 was not completed, and a proposed third closing did not proceed, due to the general market decline.
The Company has, however, arranged a new financing of $1,000,000 through the sale to the MineralFields Group of 4,000,000 flow-through units (the “FT Units”) at $0.25 per FT Unit. Each FT Unit will consist of one flow-through common share, and one-half of one non flow-through share purchase warrant (the “Warrants”). Each whole Warrant will be exercisable to acquire one additional common share at a price of $0.50 per share for two years from the closing date, 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.
October 30, 2007
The Company wishes to announce that it is granting director and officer incentive stock options to purchase up to a total of 1,525,000 common shares in its capital stock, at a price of $1.90 per share, exercisable on or before October 30, 2012. The options were granted pursuant to the Company’s incentive stock option plan, under which a maximum of 10 percent of the issued and outstanding common shares are reserved for issuance. Shares issuable upon exercise of the incentive stock options are subject to a 4 month TSX Venture Exchange hold period, ommencing on the date the incentive stock options are granted.