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: Re: Question to Babjak1

Denisbe,

The wording can be found below in the link from 2012.

I cannot find a detailed explanation of what is meant by "transfers will be permitted subject to certain restrictions."

http://www.marketwired.com/press-release/champion-fancamp-complete-acquisition-champion-fancamps-joint-venture-interest-tsx-chm-1659195.htm

"As a result of Champion and Fancamp acquiring securities in the other, Champion and Fancamp have entered into a reciprocal rights agreement governing certain investor rights and obligations as between them.

Champion and Fancamp will each be restricted from transferring securities of the other for a period of six years, after which time transfers will be permitted subject to certain restrictions. Champion and Fancamp will each be restricted from voting in certain circumstances, including not voting against the election of any nominee to the Board of Directors proposed by the other or against any resolutions supported by the Board of Directors of the other, subject to certain exceptions.

 

Champion and Fancamp will each be entitled to nominate two persons to the Board of Directors of the other so long as Champion holds at least 12,000,000 shares of Fancamp and Fancamp holds at least 10,000,000 shares of Champion.

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