Fancamp Exploration Ltd V.FNC

AGM DELAY TACTICS

[Aallyy]

Maxmoe or others  knowledgeable  about good corporate governance practices;

How is it that when the AGM of 2020 was due to happen in October of that year, the company went to great lengths to ask the B.C. Registrar of companies for an extension and publicized it, twice if not mistaken. The reasons given for the extension were due to Covid 19 which was a joke since the majority of other companies had no difficulty with using the online platform such as Lumi.

And, the extension given then was a cover to try to push through the Scozinc,now EDM plan of arrangement whereby Fancamp shareholders would lose 45% of their equity. Thanks to Smith, Hunter and others that plan was eventually stopped.

But, here we are, today, with an AGM that is now 15 months overdue with no news or information about a delayed AGM and meanwhile between October and December of 2023, the fancamp management and BOD announce a f'ng outrageous private placement to devalue shareholders by 37%!! Are we supposed to be thankful it is not 45% !! Plus they make an outrageous placement into EDM. Holy Smokes Batman.

It is my understanding from the BCCA that a public company must make every attempt possible to hold its AGM within the period of ONE calendar year, unless there are obvious extenuating circumstances. This information should be out there, whatever reason is given.

In my view, the extenuating circumstances in this case include self serving  Placements to keep rightful and contrarian shareholders without the benefits extended to the chosen many.  I mean 60M plus shares - this action belies any form of good social governance. It is clearly piggy and worse damning to the company as a whole.

So, where is the announcement of an extension for the AGM from the B.C. Registrar of companies like last time? When will the BCSC step in and require it?

When will the BCSC initiate a full investigation into the operations of this company?

[Aallyy]

Where is the fifth estate or like-minded journalists? I think it is time to open the closed doors of this PUBLIC company! It is a three ring circus between the B.C. Registrar of Companies, the BCSC and this  company. Where is the information about the status of  the AGM? !!!!!!!!!!!!!!!!

[Maxmoe]

I may have mentioned this before. The BCSC is useless. They will not do anything about the agm. Ever.  https://www.bcsc.bc.ca/about/what-we-do/mission-values-benefits Follow thi link to the bcsc website and read all about their mandate, mission, values etc. it'll drive you crazy trying to figure out why they do absolutely nothing about Fancamp and dozens of others that mock them with

[Aallyy]

Yes, you've mentioned  the uselessness of the BCSC before and thanks for it. It frames the problem, the system is broken. The protection for the average shareholder, who may be blinded by company promotion and the exciting desire to make a big return based on general market conditions, consists of a very thin layer of forms and standardized responses covering a brick wall protecting not