Fancamp Exploration Ltd. announced a non-brokered private placement of 4,000,000 flow-through common shares at a price of CAD 0.0875 per flow-through common share for gross proceeds of CAD 350,000; and 60,165,455 non flow-through common shares at a price of CAD 0.07 per non-flow-through common share for gross proceeds of CAD 4,211,581; for aggregate gross proceeds of CAD 4,561,581 on December 21, 2023. The transaction included participation from certain directors and officers of the company. The private placement remains subject to the final approval of the TSX-V. All securities issued pursuant to the private placement are subject to a hold period of four months and one day expiring on April 22, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 39 placees, 7 existing insiders for 19,484,285 non flow-through common shares and 3 pro groups for 3,645,700 shares. The company has received $251,671(CAD 338,235.75716) from 3 investors pursuant to exemption provided under Regulation D.