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
Click here to see the Fancamp Exploration Ltd. (TSXV:FNC) profile.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1936.60 | +5.32 | |
| Silver | 23.68 | +0.28 | |
| Copper | 4.26 | 0.00 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 80.08 | -1.54 | |
| Heating Oil | 3.33 | -0.11 | |
| Natural Gas | 3.25 | -0.20 | |