2023-05-03 10:31:22 ET
- Fancamp Exploration ( FNC:CA ) enters a subscription agreement with EDM Resources ( OTCPK:SWNLF ) as part of the company’s non-brokered hard dollar and flow-through an oversubscribed private placement.
- Gross proceeds of over C$2M to maintain its strategic position in the company.
- Pursuant to the agreement, Fancamp has subscribed to 390K units of EDM at a price of $0.50 per unit, each unit consisting of one common share of EDM and one share purchase warrant at a price of $0.75 for each warrant share, until the date that is 36 months from the closing of the offering.
- Upon closing of the offering, Fancamp holds 2.74M shares of EDM, representing ~11.4% shares of EDM.
For further details see:
Fancamp parks C$2M in EDM Resources