Fancamp Acquires 13.1% Stake in ScoZinc Mines

October 5, 2021

Fancamp Exploration Ltd. acquired a total of 2,348,485 common shares of ScoZinc Mines Ltd., representing a 13.1% ownership stake. The purchase included a private placement of 1,969,697 shares at C$0.66 per share (C$1.3M total, C$1.0M paid in cash after a C$300k termination fee credit) and 378,788 shares issued to settle a C$250,000 loan; the shares are subject to a hold period expiring February 6, 2022.

Buyers
Fancamp Exploration Ltd.
Targets
ScoZinc Mines Ltd.
Industry
Energy
Location
Nova Scotia, Canada
Transaction Type
Growth capital

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