Fancamp announces voting results and allocates stock options
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2 Telephone: 604-434-8829 Facsimile: 604-434-8823 Web site: www.fancampexplorationltd.ca
NEWS RELEASE
October 30, 2013 TSX Trading Symbol: FNC S.E.C. Exemption: 12(g)3-2(b)
Fancamp announces voting results and allocates stock options
Fancamp Exploration Ltd. (“Fancamp” or the “Company”) announces that at the Company’s Annual and Special Meeting held on October 25, 2013, its shareholders voted in favour of the management nominees to the board of directors of the Company, namely Ali A. Al Hazeem, Paul Ankcorn, Mel de Quadros, Gilles Dubuc, Jean Lafleur, Ashwath Mehra and Peter H. Smith. Fancamp’s 135,089,153 outstanding shares at the record date were voted at the meeting.
In addition, the Company announces the re-appointment of MNP LLP, Chartered Accountants as auditors for the ensuing year, the re-approval of the Company's 10% rolling stock option plan, the approval of the implementation of the shareholder rights plan, and the approval of the advance notice policy adopted by the Company's board of directors on September 16, 2013, which governs the process for nomination of directors of the Company at meetings of shareholders.
The Company has granted incentive stock options to its directors, officers and service providers, for the purchase of up to 3,550,000 common shares in its capital stock, at a price of $0.10 per share, exercisable on or before October 25, 2018. The options are granted pursuant ot the Company’s stock option plan, under which a maximum of ten percent (10%) of the issued and outstanding common shares are reserved for issuance. Shares issuable upon exercise of the incentive stock options are subject to a 4 month TSX Venture Exchange hold period, commencing on the date the incentive stock options are granted.
About Fancamp Exploration Ltd (www.fancampexplorationltd.ca)
Fancamp Exploration Ltd. is a Canadian junior mineral exploration company that continues to evolve into a holder of shares in partner companies and royalties on near-term producing mines.
These assets are designed to generate free cash flow without further shareholder dilution. Fancamp has an exceptional inventory of resource projects at various stages of development covering more than 1,710 km2 in three provinces. The commodities include hematite-magnetite iron formations, titaniferous magnetite, hematite, nickel/copper/PGM, chromite, Volcanogenic Massive Sulphides and gold.
For further information, please contact
Jean Lafleur, M. Sc., P. Geo., President and CEO, Director
+1 514 975 3633 [email protected]
Michael D’Amico, Investor Relations
+1 647 500 6023 [email protected]
Roger Rosmus, Business Development
Aberdeen Gould Advisory Services Ltd.
+1 416 488 2887 x222 [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.