Fancamp Exploration Ltd.
TSX VENTURE : FNC

Fancamp Exploration Ltd.

March 28, 2011 09:43 ET

Fancamp Closes Final Tranche of Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) (the "Company") is pleased to announce the completion of the final tranche of the previously announced brokered private placement (the "Offering") with Industrial Alliance Securities Inc. and Secutor Capital Management Corporation (collectively, the "Agents"). A total of $334,931 was raised through the sale of 418,664 common shares (the "Flow-Through Shares") at a price of $0.80 per Flow-Through Share, issued as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada).

The funds raised from the sale of Flow-Through Shares will be used for exploration of the Company's Quebec properties.

All securities issued under this closing bear resale restrictions until July 26, 2011.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Fancamp Exploration Ltd.
    Peter H. Smith, PhD., P.Eng.
    President
    514-481-3172
    www.fancampexplorationltd.ca
    or
    Bay Street Connect Investor Relations
    Michael D'Amico
    647-500-6023