Makes perfect sense that the recent ~15 million shares traded May 26, 27, and 28th represented the ~15.6 million shares purchased last August via the $935,0000 placement at $0.06. That entity would now have at least $750,000 to exercise the accompanying ~7.5 million warrants at $0.10 (that they were entitled to from the August PP) any time over the next 8 month period.
Cheers,
Luker
| 05/28/14 |
0.055 |
0.06 |
0.05 |
0.06 |
10,053,780 |
0.005 |
9.09% |
0.06 |
519.7k |
225 |
| 05/27/14 |
0.055 |
0.055 |
0.05 |
0.055 |
3,330,014 |
0.00 |
0.00% |
0.055 |
183.13k |
70 |
| 05/26/14 |
0.06 |
0.06 |
0.055 |
0.055 |
1,561,000 |
-0.005 |
-8.33% |
0.055 |
87.36k |
63 |
Pursuant to the Private Placement, Fancamp issued C$935,000 of flow-through units (the "Flow-Through Units") at a price of C$0.06 per Flow-Through Unit and C$5,000 of units (the "Units") of the Company at a price of C$0.05 per Unit. Each Flow-Through Unit consists of one (1) common flow-through share and one-half (1/2) of one (1) common share purchase warrant (a "Flow-Through Warrant") of Fancamp. Each full Flow-Through Warrant entitles the holder thereof, during a period of eighteen (18) months from the date of closing of the Private Placement, to purchase one (1) additional Fancamp common share at an exercise price of C$0.10. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (a "Warrant") of Fancamp. Each Warrant entitles the holder thereof, during a period of (18) months from the date of closing of the Private Placement, to purchase one (1) additional Fancamp common share at an exercise price of C$0.10. Each security issued pursuant to the Private Placement is subject to a mandatory four (4) month holding period from the date of closing of the Private Placement.
http://fancampexplorationltd.ca/images/NR/2013/08142013NR.pdf
