Fancamp Corrects Recent Inaccurate Statements from Mr. Peter H. Smith
FANCAMP EXPLORATION LTD.
7290 Gray Avenue, Burnaby, British Columbia, V5J 3Z2
Telephone: 604-434-8829 | Website: www.fancamp.ca
News Release
September 30, 2021 TSX-V Trading Symbol: FNC
Fancamp Corrects Recent Inaccurate Statements from Mr. Peter H. Smith
Fancamp’s AGM will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET.
Shareholders are encouraged to vote on the GOLD proxy FOR Fancamp’s director nominees.
If you have any questions or need help voting, please contact Kingsdale Advisors at 1 -800-749-9890 or
VANCOUVER, British Columbia – Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX
Venture Exchange: FNC) would like to correct the inaccurate statements in Mr. Peter H. Smith’s
September 27, 2021 press release and reiterate the facts from the Corporation’s recent developments.
ScoZinc Transaction Terminated
As announced on September 16, the proposed business combination with ScoZinc Mining Ltd. (“ScoZinc”)
has been terminated. Instead, Fancamp will become a shareholder of ScoZinc by way of a private
placement, which will allow Fancamp to save from paying the termination fee and benefit from
ScoZinc’s significant near-term production potential and corporate upside in today’s strong commodity
environment. The foregoing is subject to regulatory approval.
Moving Forward with a Refreshed Board and Strategic Plan
Following the annual general meeting (“AGM”), which will take place on Tuesday, October 5, 2021 at
10:00 a.m. ET, Fancamp’s highly experienced Board of Directors (the “Board”) will advance the
Corporation’s strategic plan focused on exploration properties, titanium technology and strategic
alternatives. Additional details regarding exploration program will be announced in the near future.
In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to
move forward with this clear and united corporate strategy and take advantage of a unique and
strategic project portfolio. The agreement with Mr. Ferron and certain other shareholders confirms this
position and aligns the interests of shareholders with the Board and management, and Fancamp looks
forward to a bright new future.
Mr. Smith and Other’s Unreasonable Attempts to Extort Over $1 Million in Fees
Fancamp remains open to reaching further agreements with Mr. Smith and others for the benefit of all
shareholders; however, it will not accommodate unreasonable attempts to extort extravagant fees and
excessive costs.
Mr. Smith started this proxy fight to regain control of the Corporation and has indicated he will use
Fancamp’s treasury to personally repay himself and others for expenses. The Corporation understands Mr.
Smith will seek over $1 million to repay himself and others for the needless and avoidable proxy fight he
started. This is not in the interests of all shareholders.
Vote Your Gold Proxy by 10:00 a.m. ET on Friday, October 1, 2021
Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees.
If you have any questions or need help voting, please contact Kingsdale Advisors at 1 -800-749-9890
AGM:
• Date and Time: Tuesday, October 5, 2021 at 10:00 a.m. ET
• In Person: Hotel Fairmont The Queen Elizabeth, 900 René-Lévesque Blvd W., Montreal
• Live Webcast: https://web.lumiagm.com/218675958
Shareholders as of the record date of Friday, May 28, 2021 are eligible to vote at the AGM.
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 growing Canadian mineral explora tion 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, including 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. The Corporation is ma naged by a new and focused leadership team with decades
of mining, exploration and complementary technology experience.
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.