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Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

Metals & Mining Industrial Metals & Minerals
Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. The Company has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.


TSXV:FNC - Post by User

Fancamp Exploration Ltd > FNC needs help
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Comment by miner540on Sep 24, 2023 10:14am
85 Views
Post# 35651177

RE:RE:RE:FNC needs help

RE:RE:RE:FNC needs helpSudbury -  too funny to read your comments regarding my analysis.

You say you can't find the actual details of the KWG/FNC deal and then go on to state that my interpretation is wrong.

If it helps with your due diligence - the actual agreement details are readily available via news releases, sedar, and company web site for both KWG and FNC.

KWG financial statements reference the note conversion as follows:

"The principal may be converted by the holder at any time, in whole or in part, into Multiple Voting Shares for $4.6916 per share from the issue date to September 1, 2023; for $4.4783 per share from September 2, 2023 to September 1, 2024; or for $4.2651 per share from September 2, 2024 to the maturity date."

For purposes of my analysis, I used an average conversion price of $4.50


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