Business
Fancamp Announces Spin-Out of Mineral Exploration Assets and Creation of Goldera Exploration
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“...
About this update from Fancamp Exploration Ltd.
[{"type":"text","content":"Fancamp Announces Spin-Out of Mineral Exploration Assets and Creation of Goldera Exploration\n\n\n\n VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“\n \n Fancamp\n \n ” or the “\n \n Corporation\n \n ”) (TSX Venture Exchange:\n \n FNC\n \n ) is pleased to announce that its Board of Directors (the “\n \n Fancamp Board\n \n ”) has unanimously approved a strategic reorganization of its business (the “\n \n Spin Out\n \n ”). Pursuant to the Spin Out, all of Fancamp’s core Exploration Assets (as defined below) will be spun out to Fancamp shareholders through a newly incorporated company,\n \n Goldera Exploration Ltd.\n \n (“\n \n Goldera\n \n ”). Shareholders of Fancamp will receive shares of Goldera in proportion to their shareholdings in Fancamp. There will be no change to shareholders’ existing interests in Fancamp.\n \n\n The Spin Out of the Exploration Assets is being undertaken to unlock value, enhance focus and market recognition, and provide shareholders with ownership across two distinct growth platforms.\n \n\n\n “Fancamp has reached an inflexion point,”\n \n said\n \n Rajesh Sharma\n \n , President & CEO of Fancamp\n \n , “the Spin Out will enable the Corporation to accelerate the execution of two distinct value creation strategies while ensuring that our shareholders participate directly in every part of the growth we are generating. In addition, the reorganization will attract focused capital and new investor interest across two clear investment streams as we build scale.”\n \n\n\n Fancamp anticipates that Goldera will be fully funded by way of completion of a concurrent non-brokered private placement of securities of Goldera to fund work programs and for general working capital purposes (the “\n \n Concurrent Financing\n \n ”).\n \n\n The Spin Out will be effected by way of plan of arrangement under the\n \n Business Corporations Act\n \n (British Columbia), and must be approved by the Supreme Court of British Columbia (the “\n \n Court\n \n ”) and by the affirmative vote of sixty-six and two-thirds percent (66.67%) of Fancamp’s shareholders in attendance at a shareholders’ meeting to be held for such purpose (th...