Fancamp Exploration Ltd. Announces AGM Results
November 01 2022 - 5:45AM
Fancamp Exploration Ltd. (“
Fancamp” or the
“
Corporation”) (
TSX Venture Exchange:
FNC) is pleased to announce the voting results of its
Annual General Meeting of Shareholders (“
AGM”)
held on October 31st, 2022, in Montreal, Quebec.
The Corporation announces that all resolutions
put forward to shareholders in the Fancamp Management Information
Circular (“Circular”) dated September 30th, 2022,
were overwhelmingly approved. Fancamp also announces that the
nominees listed in the Circular for the Annual General Meeting
of Shareholders (the “Meeting”) were elected as Directors of the
Corporation. The number of Directors has been set at six and Mark
Billings, Greg Ferron, Ashwath Mehra, Rajesh Sharma, Mathieu
Stephens and Charles Tarnocai have been re-elected to the
Corporation’s Board of Directors.
Shareholders at the meeting approved the
re-appointment of MNP LLP, Chartered Accountants as the
Corporation’s auditors for the next ensuing year. Fancamp
shareholders also re-approved the Corporation’s “rolling 10%” stock
option plan pursuant to which the Corporation may issue stock
options to eligible participants.
About Fancamp Exploration Ltd. (TSX-V:
FNC)
Fancamp is a growing Canadian mineral
exploration corporation dedicated to its value-added strategy of
progressing priority mineral properties through exploration and
innovative development. The Corporation is focused on an advanced
asset play poised for growth and selective monetization with a
portfolio of mineral claims encompassing over 158,000 hectares
across Ontario, Quebec and New Brunswick, Canada; including copper,
gold, zinc, titanium, chromium, strategic rare-earth metals and
others. The Corporation continues to identify near term cash-flow
generating opportunities and in parallel aims to advance its
investments in strategic mineral properties. Fancamp has
investments in an existing iron ore operation in the
Quebec-Labrador Trough, a rare earth elements Company NeoTerrex
Corporation in addition to an investment in a zinc mine planned to
be restarted in Nova Scotia. The Corporation has future
monetization opportunities from its Koper Lake transaction in the
highly sought-after Ring of Fire in Northern Ontario. Fancamp is
developing an energy reduction and titanium waste
recycling technology with its advanced titanium extraction
strategy. The Corporation is managed by a focused
leadership team with decades of mining, exploration and
complementary technology experience.
Further information of the Company can be found at:
www.fancamp.caContact:Rajesh Sharma, Chief
Executive Officer+1-604-434-8829info@fancamp.ca
Debra Chapman, Chief Financial
Officer+1-604-434-8829info@fancamp.ca
Tara Asfour, Director Investor
Relations+1-604-434-8829info@fancamp.ca
Cautionary Note Regarding
Forward-Looking Statements
The TSXV has neither approved nor disapproved
the contents of this press release. Neither the TSXV nor its
Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this press release.
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