Fancamp Announces Agreement with Shareholder Group
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
September 16, 2021 TSX-V Trading Symbol: FNC
Fancamp Announces Agreement with Shareholder Group
• Greg Ferron, Frank Hoegel, and certain other shareholders, who, together, hold in aggregate of
approximately 12 million shares, have agreed to reverse their previous votes and will vote FOR
Fancamp’s director nominees. Mr. Ferron will be appointed to Fancamp’s board of directors.
• As part of the agreement , Fancamp and ScoZinc have agreed to terminate the ScoZinc
transaction. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common
shares of ScoZinc at $0.66 per share for $1,300,000 . The $300,000 termination fee payable by
Fancamp to ScoZinc will be credited towards the private placement purchase price.
• In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear
desire to move forward with a strong corporate strategy and avoid further costs and delays.
VANCOUVER, British Columbia – Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture
Exchange: FNC) today announced that it has entered into an agreement with Mr. Greg Ferron (the
“Agreement”). Mr. Ferron has withdrawn his agreement to serve as a nominee on Mr. Peter H. Smith’s
dissident slate, and Mr. Ferron, Frank Hoegel and certain other shareholders will reverse their previous votes
and vote FOR Fancamp’s director nominees.
The Agreement aligns the interests of shareholders with the Fancamp Board of Directors (the “Board”) and
management. Pursuant to the terms of the Agreement:
• Mr. Ferron will be appointed to Fancamp’s Board, replacing Mr. Paul Ank corn who is resigning .
Following the Corporation’s annual general meeting (“AGM”), it is contemplated that Mr. Ankcorn
and two other directors will be replaced by Mr. Ferron and two of his nominees who are acceptable
to the Board.
• The proposed business combination between Fancamp and ScoZinc Mining Ltd. (“ScoZinc”) has
been terminated . Instead, Fancamp will purchase, by way of a private placement , 1,969,697
common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee will be
credited towards the private placement and Fancamp will pay the balance of $1,000,000. Once
the private placement has closed, ScoZinc will appoint one nominee of Fancamp to its board of
directors. ScoZinc will also issue 378,788 common shares to Fancamp at a price of $0.66 per share
on a shares-for-debt basis to satisfy the $250,000 loan and any other amounts that ScoZinc may owe
to Fancamp as part of the loan . This arrangement, which Mr. Ferron supports, will allow Fancamp
to benefit from ScoZinc’s production potential and corporate upside . The foregoing is subject to
regulatory approval.
• Following the AGM, the Board will advance the Corporation’s strategic plan focused on:
exploration properties, titani um technology and strategic alternatives. Fancamp looks forward to
working collaboratively with Mr. Ferron and other advisory members.
Vote Your Gold Proxy Today
Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees.
Fancamp remains committed to holding the AGM as soon as possible and will advise shareholders of a
new date in due course.
If you have any questions or need help voting, please contact Kingsdale Advisors at 1 -800-749-9890
Advisors
Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is
serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and
communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special
Committee.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a g rowing Canadian mineral exploration corporation dedicated to its value -added strategy
of advancing mineral properties through exploration and development. The Corporation owns numerous
mineral resource properties in Quebec, Ontario and New Brunswick, inclu ding gold, rare earth metals,
strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial
possibilities inherent in dealing with some of these materials, notable being the development of its Titanium
technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and
mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova
Scotia, as well as several prospective exploration licenses i n surrounding regions. The Corporation is
managed by a new and focused leadership team with decades of mining, exploration and
complementary technology experience.
Forward-looking Statements
This news release includes certain statements which are not comprised of historical facts and that constitute
“forward-looking information” and “forward -looking statements” within the meaning of applicable
Canadian securities laws. Forward -looking statements include estimates and statements that describe
Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its
management expects a stated condition or result to occur. Forward-looking statements may be identified
by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”,
“foresees” or “plan”. Since forward -looking statements are based on multiple factors, assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently available to Fancamp, Fancamp provides
no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other
factors involved with forward -looking information could cause actu al events, results, performance,
prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied
by such forward -looking information. Forward -looking information in this news release includes, but is not
limited to, information and statements relating to the Corporation’s annual general meeting, and
objectives, goals or future plans. There can be no assurance that forward -looking statements will prove to
be accurate and actual results and future events could di ffer materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from Fancamp’s
expectations include, among others, political, economic, environmental and permitting risks, mining
operational and development risks, litigation risks, regulatory restrictions, environmental and permitting
restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the
future, as well as factors discussed in the secti on entitled “Risks and Uncertainties” in Fancamp’s
management’s discussion and analysis of Fancamp’s financial statements for the period ended January
31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as anticipated, estimated or
intended. Fancamp considers its assumptions to be reasonable based on information currently available,
but there can be no assurance that such statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
For Further Information
Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.