As previously announced on
Fancamp and its auditors continue to work diligently toward completing the Annual Filings as soon as possible. The ongoing auditor review is primarily related to the ongoing consideration and review of the valuation and accounting presentation in respect of certain of the Corporation’s convertible debt and equity security holdings. Upon completion of the auditor’s internal review process, the Annual Filings will be filed on SEDAR+ (www.sedarplus.ca).
The Corporation confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) the Corporation is satisfying and confirms that it intends to continue to satisfy the provisions of the “alternative information guidelines” under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Annual Filings is continuing, each of which will be issued in the form of a news release; (iii) there has not been any other specified default by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the Corporation that has not been generally disclosed.
Update on Interim Financials
As a result of the delay in filing the Annual Filings, the Corporation also announces that the filing of its unaudited interim financial statements for the three months ended
About
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of progressing priority mineral properties through exploration and innovative development. The Corporation is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims encompassing over 147,000 hectares across
Further information of the Corporation can be found at: www.fancamp.ca
Forward-looking Statements
Certain statements contained in this news release may constitute forward-looking statements within the meaning of applicable securities legislation. Forward-looking information in this news release may include statements about the Corporation’s continued ability to satisfy the information guidelines set out in NP 12-203, the duration of the MCTO and the completion and anticipated timing of the Corporation making the Annual Filings and the Interim Filings.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Corporation, including, without limitation, information based on the current state of the Annual Filings and Interim Filings, and discussions with the auditors of the Corporation. Although the Corporation believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to risks and uncertainties arising from any delay in filing the Annual Filings and Interim Filings, the Corporation’s ability to satisfy the requirements of NP 12-203, the revocation of the MCTO and replacement with a cease trade order, general business, economic, competitive, political and social uncertainties and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation’s expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
For Further Information
+1 (604) 434 8829 info@fancamp.ca | +1 (604) 434 8829 info@fancamp.ca |
+1 (604) 434 8829 tasfour@fancamp.ca |
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