“Take the Fancamp’s NSR (Net Smelter Return) royalty properties into a new subsidiary (BCE once had a subsidiary called BCE Wireless to run wireless operation in Brazil) named as Fancamp Royalty Inc. starting with three Royalties and distribute 49% of shares to the shareholders while the parent company (Fancamp Exploration) holds 51% of shares. This new company like Magpie Mines Inc. will then be able with proceed with IPO and give out dividends to shareholders as NSR Royalties are collected from the clients. In the near future, further royalties will be integrated into this subsidiary as new acquisitions of additional royalties on other projects or buy-out some other company’s existing royalties for on-going operation. ”

Champion Minerals Inc.

1.5% NSR royalty

Fancamp retains its 50-per-cent interest in the 3-per-cent royalty on iron production from the Fermont properties

Argex Silver Capital Inc.
La Blache

2% NSR on the La Blache Deposit for the first 2 years of production rising to 4% NSR thereafter, buyback up to 50% NSR for $1.5 M advance royalty of $100,000 a year beginning at the end of year 3.

BOLD Ventures

If the first option is exercised, Fancamp would then be entitled to be paid 2% of the total revenue from the sale of all metals and mineral products from the property from the commencement of commercial production. Once all of the capital costs to bring the Koper Lake project to the production stage have been repaid entirely, the gross metal royalty may be scaled up to a maximum of 4 % of the total revenue from the sale of all metals and mineral products from the property depending upon the price of product sold from the property.

The benefits of this proposal are as follows:

1)This will benefit both shareholders and FNC management.

2)This will deter Marquest’s flow-through shares from flowing into the market.

3)No poor excuses such as the improvement of market conditions or increased control by Sheridan in the case of Magpie IPO.

4)The value of these NSR’s is totally ignored by the market. So, it only adds a value (nothing negative)

5)The last financing was done in Dec. 2012 and the company also granted incentive stock options to directors for the purchase of up to 2.25 million common shares.(i.e. No need to wait to fully satisfy their pockets for now)