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Bullboard - Stock Discussion Forum Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

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... see more

TSXV:FNC - Post Discussion

Fancamp Exploration Ltd > KWG Loan Agreement
View:
Post by FromSudbury on Jan 09, 2024 2:34pm

KWG Loan Agreement

From my perspective, there are two possible outcomes:

1)  KWG gets aquired by Wyloo or BHP and Fancamp realizes the full amount of the loan in cash of $34.5 million plus accured interest, along with gains with respect to warrents. 

Or

2)  KWG doesn't get aquired before the maturity date (or extended maturity date) of the loan and Fancamp ends up with controlling interest of KWG. 

Do others agree or disagree?
Comment by Aallyy on Jan 10, 2024 8:23am
 Agree. The deal done with KWG is structured that way, if they don't meet the loan requirements they hand over the keys to the kingdom to Fancamp and that would be disasterville.If KWG meets the requirements they wil most likely hand over the keys to another party with a favorable outcome.
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