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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 others. It 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, Riley Brook 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

Bullboard Posts
Post by Greenandgold.on Nov 02, 2011 6:35pm
443 Views
Post# 19203720

JV expenses

JV expensesHow and when does Fancamp pay for its 15% of JV expenses on the Champion properties? The 2011 JV budget is $25.47 million, so Fancamp is getting a cash call this year for $4.45 million? How many years is this supposed to go on?
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What did Patrick Sheridan get for selling his 17.5% share to Champion? 4 million shares of Champion and $2 million in cash. That sounds alright.
Bullboard Posts