Mr. Peter Smith reports
FANCAMP EXPLORATION LTD.: PROPOSED SHARES FOR DEBT TRANSACTION
Fancamp Exploration Ltd. has entered into debt settlement agreements to settle a total of $144,619.64 of debt owed to certain insiders of the company, in consideration for the issuance of a total of 2,892,393 common shares at a deemed price of five cents per common share. The company's choice to settle outstanding indebtedness with the issuance of common shares is part of its plan to move the company forward and in order to preserve its funds for operations. The issuance of common shares is subject to the approval by the TSX Venture Exchange and subject to a four-month hold period.
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