FANCAMP TO RAISE $120,000 FOR QUEBEC EXPLORATION
Dr. Peter Smith reports FANCAMP EXPLORATION ANNOUNCES QUEBEC FLOW THROUGH FINANCING . is planning a non-brokered private placement of $120,000 through the sale of 480,000 flow-through units at 25 cents per FT unit. Each FT unit will consist of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant will be exercisable at a price of 50 cents per share for a period of up to two years from the closing date, subject to forced acceleration in the event the company's shares close at a price of $1 per share for 30 consecutive trading days after the four-month hold expires. There will be an additional offering of 120,000 non-flow-through units at 25 cents per unit, consisting of one common share and one-half of one share purchase warrant with the same terms as above. The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try,