Company sells its flow-through, non flow-through shares at a discount
By Devika Patel
Knoxville, Tenn., April 12 - Fancamp Exploration Ltd. said it completed a private placement of stock.
The company sold 3,725,490 flow-through shares at C$0.51 per flow-through share and 219,780 non flow-through shares at C$0.455 apiece for a total of C$2 million.
The prices per share reflect 3.77% and 14.15% discounts to the Nov. 12 closing share price of C$0.53.
Proceeds will be used for exploration and general working capital.
Based in Vancouver, B.C., Fancamp is a junior mining company with interests in iron titanium, nickel, gold and uranium properties.
| Issuer: | Fancamp Exploration Ltd.
|
| Issue: | Flow-through shares, non flow-through shares
|
| Amount: | C$2 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 15
|
| Stock symbol: | TSX Venture: FNC
|
| Stock price: | C$0.53 at close Nov. 12
|
| Market capitalization: | C$26.13 million
|
|
|
| Flow-through shares
|
| Amount: | C$1.9 million
|
| Shares: | 3,725,490
|
| Price: | C$0.51
|
|
|
| Non flow-through shares
|
| Amount: | C$100,000
|
| Shares: | 219,780
|
| Price: | C$0.455
|
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