Fancamp” or the “
Company”) (TSXV: FNC) is pleased to announce that the Company has completed the closing of a non-brokered private placement financing of 6,666,667 flow-through shares of the Company for gross proceeds of Cdn$1,000,000.05.
At closing of the private placement, the Company issued 6,666,667 flow-through shares for gross proceeds of Cdn$1,000,000.05 (the “
Private
Placement”). Each flow-through share issued in connection with the Private Placement is subject to a four-month hold period under applicable securities laws in Canada, which hold period shall end on May 1, 2021.
The Company intends to use the gross proceeds for the purpose of conducting qualifying exploration expenditures on its properties in Quebec.
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