Fancamp Announces Adoption of New Shareholders Rights Plan
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/27/13 -- Fancamp Exploration Ltd. (TSX VENTURE: FNC): The Company announces that its Board of Directors has approved and adopted a new Shareholders Rights Plan (the "Plan"). The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e., an offer to purchase 20% or more of the issued shares, when aggregated with the offeror's shareholdings), which fails to meet certain conditions. Bids which meet these conditions ("Permitted Bids") do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:
The Plan is designed to ensure that all shareholders are treated fairly and equitably in the event of a take-over bid. The Plan was not adopted in response to any actual or threatened takeover bid or other proposal from a third-party to acquire control of the Company.
The Plan is subject to the acceptance of regulatory authorities, ratification by the shareholders of the Company, and the acceptance of the rights agent.
Hiring of Aberdeen Gould Capital Markets Ltd as Corporate Financial Adviser
Aberdeen Gould Capital Markets Ltd. ("AGCM") has been hired for a 12 month period to act as a consultant and financial adviser in relation to providing corporate finance and or M&A advisory services in relation to corporate strategy, potential acquisitions, divestitures, strategic transactions and/or other financings. For providing the corporate finance services, AGCM will be paid a monthly work fee of C$6,000.
About Fancamp Exploration Ltd
Fancamp Exploration Ltd is a Canadian junior mineral exploration company with 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 and hematite, nickel/copper/PGM, chromite, Volcanogenic Massive Sulphides and gold. The Company is focused on enhancing shareholder value by identifying and acquiring early-stage projects with excellent mineral potential; advancing them to the next decision stage with efficient exploration; selling, optioning or joint venturing them to solid partners for cash and shares of the partnering companies and inheriting a significant royalty on future production.
FNC S.E.C. Exemption: 12(g)3-2(b)
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.
Contacts:
Fancamp Exploration Ltd.
Jean Lafleur, M. Sc., P. Geo.
President and CEO
(514) 975-3633
Fancamp Exploration Ltd.
Michael D'Amico
Investor Relations
(647) 500-6023
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Unternehmensinformation / Kurzprofil:
Datum: 27.05.2013 - 13:30 Uhr
Sprache: Deutsch
News-ID 263570
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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