RE:Can someone please explain Thor6570 wrote: Why Famcamp is considered an insider? Do they have a seat on the BOD?
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.
https://www.marketwired.com/press-release/fancamp-signs-final-agreement-with-uragold-bay-resources-tsx-venture-fnc-1955826.htm