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Gold/Mining/Energy : Fancamp Resources Ltd. FNM
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To: kidl who wrote (150)2/3/2000 9:20:00 AM
From: kidl  Read Replies (1) of 154
 
Fancamp arranges $100,000 financing

Fancamp Exploration Ltd FNC
Shares issued 7,645,822 Jan 31 close $0.07
Tue 1 Feb 2000 News Release
Mr. Peter Smith reports
The company has reached an agreement in principle to raise a total of
$100,000 by way of an arm's-length private placement. The proposed
placement would consist of the purchase of one million common shares of the
company at a price of 10 cents per share, with warrants attached to
purchase an additional one million common shares at 10 cents per share if
exercised within a two-year period. A finder's fee of 10 per cent will be
paid to an arm's-length third party. The proceeds from the private
placement will be added to the company's working capital.
The proposed private placement is subject to acceptance by the Canadian
Venture Exchange.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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