Business
Fancamp Files Letter to Shareholders and AGM Notice and Information Circular; Highlights Plans for Growth and Value Creation
VANCOUVER, British Columbia / Jun 02, 2021 / Business Wire / Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) today mailed
About this update from Fancamp Exploration Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia / Jun 02, 2021 / Business Wire / Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) today mailed a letter to shareholders and its Management Information Circular (the “Circular”) for its annual general meeting on Tuesday, June 29, 2021 at 1:00 p.m. EDT. The letter strongly recommends that shareholders vote only the GOLD proxy FOR all six of Fancamp’s exceptionally qualified and experienced director nominees: Mark Billings, Rajesh Sharma, Ashwath Mehra, Paul Ankcorn, Charles Tarnocai and Dean Journeaux. Highlights from Fancamp’s Letter to Shareholders: Fancamp is at a turning point and the future is bright. With a new management team, led by CEO, Rajesh Sharma, and a rejuvenated Board of Directors (the “Board”) focused on best-in-class governance, the Corporation is finally set to deliver significant value and returns to shareholders. The Corporation now has the strong exploration and mining expertise, business experience and strategic vision that Fancamp needs. Fancamp is focused on the future with a new plan for growth and value accretion to shareholders, with a disciplined rigor to allocating funds. Under the leadership of the new management and Board, Fancamp has completed a comprehensive strategic review of its mineral properties and other assets, and developed a three-pronged strategy for growth focused on: Exploration Properties, Titanium Technology and Strategic Alternatives for Near-Term Cash Flow. Fancamp has expanded its strong, well-balanced management team with the recent appointment of François Auclair as Vice President of Exploration. Mr. Auclair has a track record of developing and advancing exploration projects to mining projects. Fancamp also continues to focus on titanium technology under the leadership of Enrico Di Cesare. Fancamp has also nominated two new directors to its Board: Dr. Charles Tarnocai and Mr. Dean Journeaux. Both Dr. Tarnocai and Mr. Journeaux have extensive mineral exploration and mining industry experience, and a track record of creating value for public companies. The letter also addresses the self-serving agenda of Mr. Peter H. Smith and his slate of handpicked friends and associates (the “Smith Nominees”) to continue using shareholders’ investment in Fancamp as their personal bank account. Reasons to REJECT the Smith Nominees ...