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Financings Admin

Fancamp Announces Receipt of Extension Notice of Maturity Date of Secured Convertible Promissory Note

By The Northwire Desk — AI Analysis Mar 02, 2026 · 07:15 FNC · 0.115 Fancamp Exploration Ltd.
FNC · Price

Executive Summary

  • The Canadian Chrome Company Inc. exercised its one‑time option to extend the maturity date of the C$34.5 million secured convertible promissory note issued to Fancamp Exploration Ltd. from September 1, 2026 to August 31, 2027, subject to no default.

Key Details

  • Extension is a one‑time option provided in the original note dated September 1, 2022.
  • New maturity date: August 31, 2027 (previously September 1, 2026).
  • Condition for extension: No event of default under the note on or before September 1, 2026.
  • Note terms remain unchanged: 6% annual interest, convertible into multiple‑voting shares of CCC at structured conversion prices, and payable in cash or shares.

Notable Quotes

(No quotes were provided in the release.)

Read the original news release →

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