Fancamp Exploration Ltd. Closes $1,353,033 Financing

Fancamp Exploration Ltd. (TSXV:FNC) has closed the previously announced non-brokered private placement financing of up to $1,353,033.

As quoted in the press release:

… 8,200,200 flow-through units (“FT Units”) at a price of $0.165 per FT Unit for aggregate gross proceeds of up to $1,353,033 (the “Offering”). Marquest Capital Markets (the “Finder”) has been paid a cash commission equal to 6% of the gross proceeds of the Offering.

Each FT Unit will consist of one “flow-through share”, as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”), of Fancamp and one-half of a Warrant. Each whole Warrant shall entitle the holder thereof to acquire one additional common share of the Issuer (on a non-flow-through basis) at a price of $0.25 until December 21, 2013. All securities issued bear resale restrictions until April 22, 2013.

Click here to read the Fancamp Exploration Ltd. (TSXV:FNC) press release

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