Director picks up 1 million shares of Fancamp Exploration

Since May 26th, 5 insiders have purchased 2.93 million shares of Fancamp Exploration between $0.05 and $0.065.

Ashwath Mehra, who has been a director since October 25th, 2013 purchased 1 million shares at $0.065 on June 2nd according to Insidertracking.com.

This insider buying occurred following a stark selloff in the stock. Fancamp hit a high of $0.10 in early April and then again in early May. Since then it has hit a low of $0.05 per share.

On May 28th, Fancamp traded more than 10 million shares, or greater than $500,000 worth of stock, and hit a low of $0.05 per share.

The stock has come under pressure of late and management and insiders have increased purchases.

Fancamp Exploration Ltd. is an exploration company that continues to evolve into a holder of shares in partner companies and royalties on near-term producing mines. These assets are designed to generate free cash flow without further shareholder dilution.

The company's most recent press release was on May 14th, 2014 when it announced it had acquired a new palladium prospect option in the Labrador Trough. An excerpt is below.

The Company wishes to announce the optioning of the early stage Kalko Property, located in the Labrador Trough, 75km NE of the town of Schefferville, Quebec. This 3,824 hectare property lies within the gabbroic portion of the Retty Lake mafic-ultramafic Complex, which elsewhere in the Trough is currently the focus of PGE exploration, most notably by South Africa's Impala Platinum and Japan's JOCMEG.

Click here to read the entire press release.



The insider buying in Fancamp over the past few days has made it the most heavily bought TSX Venture issuer by insiders of late.

Volume on the TSX Venture has been decreasing of late. On Monday there was total volume of 54.7 million shares. This was the fourth lowest volume day in the past 30 trading days.

Since May 14th there have been 5 trading days where volume on the Venture failed to rise above 56 million.

As liquidity begins to dry up, it will be interesting to see which junior resource companies fall by the way side and which hold firm.

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