Fancamp Provides Comment on Canadian Chrome Company Agreement Related to Magpie Mines

VANCOUVER, British Columbia, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX Venture Exchange: FNC) announces that it has been informed of the expiration of a previously held agreement between KWG Resources Inc. (“KWG”), carrying on its business as the Canadian Chrome Company (“CCC”), with Peter Smith and Fouad Kamaleddine, which has been the subject of certain press releases (refer to Fancamp press release dated August 11, 2023). CCC’s agreement with option to fulfill a proposed acquisition of two-thirds of the issued and outstanding special shares in the capital of The Magpie Mines Inc. from Peter Smith and Fouad Kamaleddine has lapsed.

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