Fancamp Supports Arrangement Agreement Between Champion Iron Mines & Mamba Minerals & 2401397 Ontario Inc. & Appoints New Off...
March 12 2014 - 12:04PM
Marketwired
Fancamp Supports Arrangement Agreement Between Champion Iron Mines
and Mamba Minerals and 2401397 Ontario Inc. and Appoints New
Officers
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2014) -
Fancamp Exploration Ltd. ("Fancamp" or the "Company")
(TSX-VENTURE:FNC) is very pleased to announce its unreserved
support as shareholder of Champion Iron Mines Limited for the
Champion/Mamba plan of arrangement scheduled to be voted on March
27th in Toronto. This imaginative solution will, in the Company's
opinion, hasten and make more certain the eventual development of
these multi billion tonne iron ore deposits. Fancamp has, besides,
its substantial share position in Champion, a 1.5% NSR on
Champion's Fermont Iron Holdings.
The Company also wishes to report that, Mr. Jean Lafleur is no
longer President and CEO of the Company which post is assumed by
Peter H. Smith as interim President and CEO. It should also be
noted that Mr. Guy Girard is no longer a Vice President of the
Company. Company policy has not changed; the monetization of assets
such as the recent Lamelee Iron spin out will continue in a
deliberate fashion. Mineral exploration will continue on a modest
scale taking advantage of opportunities as they may arise.
About Fancamp Exploration Ltd
(www.fancampexplorationltd.ca)
Fancamp Exploration Ltd. is a Canadian junior mineral
exploration company that continues to evolve into a holder of
shares in partner companies and royalties on near-term producing
mines. These assets are designed to generate free cash flow without
further shareholder dilution. Fancamp has 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,
hematite, nickel/copper/PGM, chromite, Volcanogenic Massive
Sulphides and gold.
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.
S.E.C. Exemption: 12(g)3-2(b)
Fancamp Exploration Ltd.Michael D'AmicoInvestor Relations+1 647
500 6023michaeldamico@rogers.comwww.fancampexplorationltd.ca
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