HPQ Silicon Inc V.HPQ

RE:I believe fancamp is selling because

[analyst8]

Isaiah83 wrote: There must be some sort of insider agreement between fancamp and hpq. For whatever reason, hpq does not want to be associated with fancamp in the long term and they are slowly selling off shares so the sp doesn't plummet. If they were to sell all their shares right now we'd drop below 0.08 cents in a day. Let them sell off all their shares, it'll be better for us in the long term. Does anyone know how much they hold and have much they have potentially sold since this selling started? That would give us a general idea of how much longer this selling will continue for

8,000,000 shares to start, with an additional  8,000,000 warrants (next five years).. only 6,454,000 shares left to go .. LOL

Fancamp Exploration Ltd.

6,454,000

Here's the agreement with FNC

SALIENT POINTS OF THE FANCAMP CLAIMS ACQUISITION:

1. 1.Uragold is acquiring the claim block (herein, collectively the "Claims") ("The Acquisition") through:
   1. a.As consideration for the transfer and the sale of the Claims and related assets to Uragold, Uragold will issue, at the closing an amount equal to 8,000,000 Uragold Units. Each Unit will be comprised of 1 common share and 1 common share purchase warrant (the Warrant") of Uragold.
   2. b.Each full Warrant will entitle Fancamp to purchase one common share of the capital stock during a period of 60 months from the date of the issuance of the Units. Each Warrant shall entitle Fancamp to purchase one (1) additional common share of Uragold at a price of C$0.20 per share during the first 24 months from the date of issuance of the units, at a price of C$0.30 from the start of the 25th month until the end of the 48th month, and at a price of C$0.40 per share at the start of the 49th month until the end of the 60th month.

Contemporaneously with the signing of the definitive Agreement:

1. 1. c.Uragold will make cash payment of C$25,000 to Fancamp not later than fifteen (15) months of the Signing of the definitive Agreement.
   2. d.Uragold will finance C$400,000 worth of exploration work on the Claims over the next 4 years, under the following schedule, the first fifteen (15) months: C$50,000, Year 2: C$75,000, year 3: C$100,000 and year 4: C$175,000.
   3. e.Uragold has granted Fancamp a three and one half percent (3.5 %) Gross Metal Royalty on any gold production extracted from the 32 Claim block acquired by Uragold.

1. 2.Fancamp and Uragold have signed a Covenant regarding the sale of Uragold shares held by Fancamp.
   1. a.Included in the Covenant is a Standstill agreement whereby Fancamp agrees not to sell any of its Uragold shares ("Standstill") during a twelve (12) month period ("Standstill Period") starting on the day of the issuance of the Uragold Units to Fancamp.
   2. b.The Covenant also includes a Change of Control Clause whereby in the event that a Change of Control event occurs at either Parties, then either the Fancamp Standstill Period will be automatically increased by thirty-six (36) months or a new thirty-six (36) months Standstill Period will start, or in the case that the change of control occurs at Uragold, then the standstill agreement will lapse.
   3. c.So long as Fancamp owns at least ten percent (10%) of the issued and outstanding Uragold Shares, Fancamp can have one nominee elected as a director to the Uragold board of directors.
2. 3.Fancamp nominee Mr. Peter H Smith will join the Board of Uragold.

What's interesting is that FNC now holds less than the 10% of issued  shares .. time to boot Mr. SMITH off the board!