Fancamp Exploration Ltd. provides the following corporate update. On July 15 and 16, 2021, the Supreme Court heard Mr. Peter Smith's application for an order that the annual general meeting of the Company be held on July 26, 2021, and for other relief. The judge dismissed the application for an order that the AGM be held on July 26, 2021, and reserved judgment on all other issues for two weeks. The Company was granted an [...]
Mr. Ashwath Mehra reports that ASTOR Management AG, a company that he controls, purchased on July 16, 2021 6,668,000 common shares of Fancamp Exploration Ltd. through the TSX Venture Exchange at $0.125 per share for total consideration paid of $833,500. The purchase of 6,668,000 Common Shares represents Mr. Mehra's acquisition of beneficial ownership and control of an additional 3.8% of the outstanding Common Shares [...]
Mr. Ashwath Mehra reports that ASTOR Management AG, a company that he controls, purchased today 22,000,000 common shares of Fancamp Exploration Ltd. through the TSX Venture Exchange at $0.11 per share for total consideration paid of $2,420,000. Immediately prior to the purchase of the Common Shares, Mr. Mehra had beneficial ownership and control of 2,750,000 Common Shares, representing 1.6% of the outstanding Common [...]
Fancamp Exploration Ltd. is pleased to announce that an addendum was entered into between the Corporation and ScoZinc Mining Ltd. , in order to amend and supplement the arrangement agreement entered into among the parties on February 12, 2021 , whereby Fancamp will indirectly acquire all of the issued and outstanding securities of ScoZinc by way of a plan of arrangement under the Business Corporations Act . Pursuant to [...]
Fancamp Exploration Ltd. is pleased to announce that it has closed the Royalty Purchase Agreement with Champion Iron Mines Limited , a wholly owned subsidiary of Champion Iron Limited , as previously announced , relating to the sale to Champion of certain iron ore royalties as well as the exploration property known as Lac Lamêlée . The Corporation received cash consideration of $1.3 million at closing and is entitled to [...]
Fancamp Exploration Ltd. is pleased to announce that it has entered into a royalty purchase agreement with Champion Iron Mines Limited , a wholly owned subsidiary of Champion Iron Ltd. , whereby the Corporation will sell to Champion certain iron ore royalties as well as the exploration property known as Lac Lamêlée. The Agreement provides that, in consideration of a $1.3 million payment in cash at closing, plus certain [...]
Fancamp Exploration Ltd. today announced that the Special Committee of Directors has postponed the Corporation's annual general meeting and will advise shareholders of a specific new meeting date in due course. The AGM was originally scheduled for Tuesday, June 29, 2021. The postponement was made necessary by a last-minute petition filed by Mr. Peter H. Smith's counsel. Mr. Smith's counsel, weeks ago, had requested a [...]
Fancamp Exploration Ltd. today announced that further to its management information circular filed on June 2, 2021, it has released another important letter to shareholders as well as an accompanying FAQ on the transaction with ScoZinc Mining Ltd. The letter outlines Fancamp's action-oriented, three-pronged strategy for growth, and strongly recommends that shareholders vote only the GOLD proxy FOR all six of Fancamp's [...]
Fancamp Exploration Ltd. today released the following open letter to Mr. Peter H. Smith's director nominees . To Messrs. James Hunter, Louis Doyle, Mark Fekete, Mathieu Stephens and Greg Ferron: Before shareholders cast their vote at the upcoming annual general meeting on Tuesday, June 25, 2021, Fancamp believes it is critical for shareholders to know where you stand. We had previously written to your lawyers asking for [...]
Fancamp Exploration Ltd. today announced that as part of its ongoing investigation into the conduct of Mr. Peter H. Smith, preliminary estimates indicate Fancamp and its shareholders have lost over $60 million to date, due to Mr. Smith's financial mismanagement and numerous other misconduct. While Mr. Smith continues to stonewall and refuses to produce important information in his possession that belongs to the [...]
Fancamp Exploration Ltd. today mailed a letter to shareholders and its Management Information Circular for its annual general meeting on Tuesday, June 29, 2021 at 1:00 p.m. EDT. The letter strongly recommends that shareholders vote only the GOLD proxy FOR all six of Fancamp's exceptionally qualified and experienced director nominees: Mark Billings, Rajesh Sharma, Ashwath Mehra, Paul Ankcorn, Charles Tarnocai and Dean [...]
Fancamp Exploration Ltd. today announced it will file an Application for a Safeguard Order with the Quebec Superior Court to obtain critical technical and financial information belonging to the Corporation from Mr. Peter H. Smith, a Director of Fancamp, and its former President and CEO. Fancamp also notes that Mr. Smith's May 25, 2021 press release is full of rhetoric and contains little substance. Mr. Smith's argument is [...]
