Fancamp Announces Completion of Litigation Settlement and Shares For Debt Transaction

Core Points - Fancamp Exploration Ltd. has completed a settlement with a former director to resolve litigation proceedings, involving the issuance of 1,428,572 common shares at a deemed price of $0.07 per share [1][3][4] - The litigation involved claims for liquidated damages and unpaid consulting fees related to the termination of a consulting agreement [2] - The settlement agreement led to the discontinuation of legal proceedings in both Ontario and British Columbia [3] Company Overview - Fancamp is a Canadian mineral exploration company focused on growth and monetization opportunities in high-potential mineral projects, including copper, gold, zinc, titanium, and rare-earth metals [5] - The company holds significant interests in various mineral claims across Ontario, Québec, and New Brunswick, and is involved in advanced asset plays and strategic investments [5] - Fancamp has a 96% interest in Magpie Mines Inc., which owns one of the largest undeveloped hard rock titanium deposits globally [5]