14:15:20 EDT Thu 28 Mar 2024
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Fancamp Exploration Ltd
Symbol FNC
Shares Issued 148,909,236
Close 2015-11-23 C$ 0.025
Market Cap C$ 3,722,731
Recent Sedar Documents

Fancamp shareholders approve all matters at Nov. 20 AGM

2015-11-23 14:06 ET - News Release

Mr. Peter Smith reports

FANCAMP ANNOUNCES VOTING RESULTS

At the company's annual meeting held in Montreal on Nov. 20, 2015, Fancamp Exploration Ltd. shareholders voted in favour of the management nominees to the board of directors of the company, namely Paul Ankcorn, Mark Billings, Debra Chapman, Fouad Kamaleddine, Ashwath Mehra, Mel de Quadros and Peter H. Smith.

In addition, the company announced the reappointment of MNP LLP as auditors of Fancamp for the ensuing year and the reapproval of the company's incentive stock option plan. A total of 49,915,669 shares of Fancamp's 148,909,236 issued and outstanding shares at the record date were voted at the meeting.

Mr. Smith, Fancamp's president and chief executive officer, commented: "The patented Magpie process remains the core of the company's current strategy, and its recent acquisition of all but 4 per cent of the private Magpie Mines Inc. equity gives it firm control of what could become an important source of income through licensing arrangements, which, given the very successful test results on the Pangang/Ansteel concentrates and slags, will be the main topic in our upcoming discussions with them. It is important also to note that the process itself can be considered green in that energy use, tailings and emissions are superior to conventional processes used by the industry today. Exploration activities continue to form an important part of the company's ongoing strategy particularly with respect to gold and VMS (volcanogenic massive sulfide) occurrences. The way forward here is to be disciplined, with one's eye on the ball, and sooner or later markets will take note."

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