- Fancamp Exploration (FNC) has sold the exploration property known as Wells to Vision Lithium (VLI)
- Fancamp will receive 1,500,000 shares of VLI valued at $330,000
- Fancamp has retained a 2 per cent net smelter return royalty
- Fancamp is a growing Canadian mineral exploration corporation
- Fancamp Exploration Ltd. (FNC) opened trading at C$0.09 per share
Fancamp Exploration (FNC) has entered into a property sale agreement with Vision Lithium Inc.
Under the terms of the agreement, Fancamp will transfer the exploration property known as Wells to Vision Lithium (VLI). The Wells property comprises four claims and will form a part of a large and significant land package.
This transaction is in line with Fancamp’s strategy of monetizing its non – core mineral properties and will add to its growing portfolio of royalty and marketable securities.
Fancamp will receive 1,500,000 shares of VLI valued at $330,000, based on the Tuesday, November 30, 2021, closing price on the TSX Venture Exchange. In addition, Fancamp has retained a 2 per cent net smelter return royalty on all mineral production from the property.
Fancamp is a growing Canadian mineral exploration corporation. The corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick.
Fancamp Exploration Ltd. (FNC) opened trading at C$0.09 per share.