Highly prospective exploration company

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.

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Message: ...the wall of silence...
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Here is the bulk of the July 4th, 2014 NR regarding the share buyback:

http://www.fancampexplorationltd.ca/images/NR/2014/07042014NR.pdf

July 4th, 2014 TSXV Trading Symbol: FNC

Fancamp Announces a Normal Course Issuer Bid

Fancamp Exploration Ltd.

(“Fancamp”) announces today that the TSX Venture Exchange(the "Exchange") has accepted a notice filed by Fancamp of its intention to proceed with a normal course issuer bid (the “Bid”). Under the Bid, Fancamp intends to purchase up to 10,310,745 common shares, representing approximately 10% of the public float of the issued and outstanding common shares of Fancamp (the “Common Shares”). Fancamp will cancel any Common Share purchased pursuant to the Bid. The purchases may commence on July 8, 2014 and will terminate on July 9, 2015 or on such earlier date as Fancamp will have completed its purchases or otherwise decides not to proceed with other acquisitions. Purchases will be made on the open market by Fancamp through the facilities of the Exchange in accordance with the Exchange requirements* (my bold). Fancamp will pay the market price for Common Shares on the Exchange at the time of purchase, provided however that Fancamp shall not pay a price higher than $0.07 per Common Share, and no purchases of Common Shares will be made other than open-market purchases.

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Although I've seen other companies' news releases where they have explicitly stated that during any trading session they would not exceed a certain percentage (ie. 25%) of the shares traded for the day, FNC does not state this in its' news release, and I do not see any such restrictions in the TSX-V policy regarding trading session limits , but merely

"I general, an Issuer can, subject to certain restrictions described in this Policy, purchase by normal market purchases up to 2% of a class of its own shares in a given 30-day period up to a maximum in a 12 month period of the greater of 5% of the outstanding shares or 10% of the Public Float "

http://www.tmx.com/en/pdf/Policy5-6.pdf



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Whether a company's share repurchase program is subject to the same/similar rules which govern Insider's {ie. not being able to buy/trade shares during blackout periods (ie during/"immediately "prior to events which are likely to be of material significance ) I don't know... Perhaps someone else here has that knowledge (that's probably a question that Hoov could answer, but I haven't seen him in these here parts for some time now).

It kind of makes sense that it might apply, which is somewhat of a bummer in one sense, but provides optimism in another sense.

Cheers,

Luker

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