The Conversation (0)
Fancamp Exploration Ltd. (TSXV:FNC) announced that Institutional Shareholder Services Inc. has issued a report recommending the Company shareholders how to vote at the upcoming annual general meeting.
Highlights of the ISS report include:
- Much of the criticism levied by Granger against the Company’s underperformance and operations occurred during Granger’s tenure as a member of Fancamp’s board of directors (the “Board”), particularly while serving as Chairman. ISS questions why Granger was unable to implement the changes to the Company’s strategic direction or financing strategy during his tenure; and
- The services provided by R.N. Granger Management Services, the Concerned Shareholder’s wholly-owned company, to Fancamp, renders the Concerned Shareholder no longer independent, which weakens Granger’s position in running a last-minute proxy battle campaign for the purpose of taking over the whole Board.
Click here to read the Fancamp Exploration Ltd. (TSXV:FNC) press release
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