Fintech
Advance Notice Filed with Fancamp Exploration Ltd. for the Nomination of Six Director Nominees to Replace the Directors of Fancamp Exploration Ltd.
Montreal, Quebec–(Newsfile Corp. – May 17, 2021) – Incumbent director Dr. Peter H. Smith, who, together with joint actors (the “Concerned Shareholders“), holds directly and indirectly an aggregate of 21,994,587 shares, representing approximately 13.25% of the Company’s issued and outstanding common shares of Fancamp Exploration Ltd. (TSXV: FNC) (“Fancamp” or the “Company“), has filed a notice (the “Notice“) with the Corporate Secretary of Fancamp for the nomination of six highly-experienced independent directors to be elected to the board of the Company at the annual general meeting of the Company to be held on June 29, 2021 (the “Meeting“). Assuming exercise of Dr. Smith’s 2,400,000 options, Dr. Smith, together with all joint actors would have ownership and control over an aggregate of 24,394,597 common shares of Fancamp representing approximately 14.48% of the then issued and outstanding common shares of the Company.
Dr. Smith’s proposed slate of director nominees include Dr. Peter H. Smith, James Hunter, Louis Doyle, Mark Fekete, Greg Ferron and Mathieu Stephens (the “Nominees“) each of whom is highly qualified and well-known in the business community. Please refer to each nominee’s brief biography below. Dr. Smith has filed the Notice in accordance with the terms of an Advance Notice Policy, without conceding the validity of the Policy, the form of which was attached as Schedule “A” to the Company’s management information circular, for the annual general meeting of shareholders of Fancamp held on October 25, 2013 (the “Policy“).
As will be discussed more fully in a dissident circular to be issued, it is the intention of the Nominees, if elected, to not complete the proposed plan of arrangement with ScoZinc Mining Ltd (the “Arrangement“). As such, a vote case in favour of the dissident slate should be considered a vote cast against the Arrangement, which is a highly dilutive non-arm’s length transaction. Instead the Nominees intends to focus on the diversified strong portfolio of assets that the Company has and continue with further exploration activities.
Dr. Smith has proposed a number of protocols to ensure that the Meeting takes place in an orderly fashion and with integrity and that the shareholders are not disenfranchised either before or at the Meeting. These proposals include a request for an independent chair, a procedure for disputed ballots, and procedure for court or regulatory challenges following the Meeting to allow for any issues arising to be resolved prior to the closing of the Arrangement. These requests are consistent with good corporate governance expectations and will allow shareholders to choose the board they want and to allow their views on the Arrangement to be heard prior to any closing of the Arrangement.
The following table contains information regarding the proposed Nominees’ place of residence, principal occupations for the past 5 years, and security holdings in Fancamp:
| Name and Age | Business Address and Residential Address | Current Principal Occupation or Employment and Principal Occupation or Employment within the Five Preceding Years | Number of Fancamp Common Shares Owned or Controlled(1) | Position with the Company, Proposed Office and Term |
| Peter Henderson Smith Age: 83 |
Business Address: 340 Victoria Avenue Westmount, Quebec, H3Z 2M8 Residential Address: |
Dr. Smith was the President and Chief Executive Officer (“CEO“) of Fancamp from January 1986 until November 2012 when he retained Chairmanship. He was reappointed interim President & CEO by board decision in March 2014. He was re-elected to the positions of President & CEO at the annual general meeting in October 2014, which he held until August 2020. Dr. Smith served as Chairman of Fancamp from 1986 to December 2010 and from October 2012 to October 2019.
Dr. Smith has confirmed he will comply with the Company’s Corporate Policies and Guidelines. Dr. Smith is not “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110 Audit Committees. |
4,511,097(2)(3) | Chairman from 1986 to December 2010 and from October 2012 to October 2019.
President and CEO from January 1986 to November 2012 and from October 2014 until August 2020. Interim President and CEO from March 2014 to October 2014. Dr. Smith has been a Director of Fancamp since January 1986. His current appointment as a Director will expire at the Meeting, and upon re-appointment at the Meeting he will serve for a term expiring at the next annual general meeting. |
| James Hunter Age: 61 |
Business Address: #706 2010 11th Ave. Regina, Saskatchewan S4P 03J Residential Address: |
Mr. Hunter is currently a Realtor with EXP Realty Ltd., a position held since January 2021. Mr. Hunter’s has been a Realtor for his principle occupation for the last 16 years. Mr. Hunter is also the president of Llewellyn Holdings Ltd., a private investment company. Mr. Hunter has been a licensed power engineer since 1982.
Mr. Hunter has confirmed he will comply with the Company’s Corporate Policies and Guidelines. Mr. Hunter is “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110 Audit Committees. |
16,641,000(4) | Proposed Director
Upon appointment at the Meeting he will serve as a director for a term expiring at the next annual general meeting. |
| Louis Doyle Age: 62 |
Business Address: 38 Chemin Lantier Kirkland, Québec H9J 2Z6 Residential Address: |
Mr. Doyle is executive Director of Québec Bourse, a position he has held for the past five years.
Mr. Doyle was the Compliance officer of Terranueva Corporation (a Canadian Securities Exchange (“CSE”) listed company) from December 2018 to September 2020. Mr. Doyle is currently a director of Abitibi Royalties Inc. (a TSX Venture Exchange (“TSXV”) listed issuer). Mr. Doyle was previously a director of Terranueva Corporation from December 2018 to April 2021 and Mondias Natural Products Inc. now Lumiera Health Inc. (a TSXV listed issuer) from November 2018 to September 2020. Mr. Doyle has confirmed he will comply with the Company’s Corporate Policies and Guidelines. Mr. Doyle is “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110 Audit Committees. |
Nil | Proposed Director
Upon appointment at the Meeting he will serve as a director for a term expiring at the next annual general meeting. |
| Mark Fekete Age: 57 |
Business Address: 4281, rue Saint-Hubert Montréal, Québec H2J 2W6 Residential Address: |
Mr. Fekete is President and CEO of Breakaway Exploration Management Inc., a company that provides consulting services to the exploration industry.
Since April 2019, he has been the CEO and director of Auston Capital Corp. Previously he was CEO and a director of Hinterland Metals Corp. up to January 2019, and Vice President and a director of Taku Gold Corp. up to November 2017. Mr. Fekete is “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110 Audit Committees. |
400,000 | Proposed Director
Upon appointment at the Meeting he will serve as a director for a term expiring at the next annual general meeting. |
| Greg Ferron Age: 48 |
Business Address: 38 Tennis Crescent Toronto, Ontario, M4K 1J3 Residential Address: |
Mr. Ferron was the Chief Executive Officer and Director of Treasury Metals Inc. from September 2018 until November 2020. Previously, from 2011 to 2019 he was the Vice President Corporate Development and Investor Relations at Laramide Resources Ltd. and Vice President Corporate Development of Treasury Metals from 2012 to 2018. Mr. Ferron has had senior roles at TMX Group Limited and Scotiabank. Currently Mr. Ferron is head of the audit committee and chairman of the finance committee at Platinex Inc. and provides capital market advisory services to private and publicly traded resource companies.
Mr. Ferron has confirmed he will comply with the Company’s Corporate Policies and Guidelines. Mr. Ferron is “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110. |
1,125,000 | Proposed Director
Upon appointment at the Meeting he will serve as a director for a term expiring at the next annual general meeting. |
| Mathieu Stephens Age: 45 |
Business Address: 5390 West River Drive Ottawa, Ontario K4M 1G4 Residential Address: |
Mr. Stephens has been the President and CEO of UrbanGold Minerals since February 2019. From January 2016 to October 2018 Mr. Stephens served as Vice-President of Exploration for Beaufield Resources Inc.
Mr. Stephens has confirmed he will comply with the Company’s Corporate Policies and Guidelines. Mr. Stephens is “independent” of the company within the meaning of sections 1.4 and 1.5 of National Instrument 52-110. |
Nil | Proposed Director
At the Meeting the nominee will be elected to serve as a director for a term expiring at the next annual general meeting. |
(1) Information as to the securities of Fancamp beneficially owned or controlled, or directed, directly or indirectly by the Nominees, not being within the knowledge of Dr. Smith, has been furnished by such persons as of the date of this notice and reflects securities owned or controlled as at the date hereof.
(2) Includes 4,311,097 common shares held by Dr. Smith directly (3,078,474 registered common shares and 1,232,623 common shares held beneficially) and 200,00 shares beneficially controlled by Dr. Smith on behalf of the Estate of Hazel Smith. Dr. Smith also holds stock options to acquire 2,400,000 common shares.
(3) As disclosed in an early warning report filed on May 5, 2021, Dr. Smith is acting jointly and in concert with James Hunter, Mark Fekete and Heather Hannan. As at the date of hereof, Dr. Smith, Mr. Hunter, Mr. Fekete and Ms. Hannan as joint actors, own or control an aggregate of 21,994,597 common shares
(4) Includes 12,785,000 common shares beneficially owned indirectly through Llewellyn Holdings Ltd. and 3,856,000 shares held directly.
The Concerned Shareholders are not soliciting proxies in connection with the Meeting at this time. The Concerned Shareholders have retained Gryphon Advisors Inc. (“Gryphon“) as it strategic shareholder communications and proxy advisor. Gryphon’s responsibility will include providing strategic advice and advising the Concerned Shareholders with respect to the Meeting and proxy protocol. Gryphon’s responsibilities will also include soliciting shareholders should the Concerned Shareholders commence a formal solicitation of proxies. Dr. Smith has also retained Farris LLP as legal counsel.
For more information regarding the Concerned Shareholders’ position please contact:
Gryphon Advisors Inc.
Tel: 1-833-461-3651
Email: [email protected]
Information in Support of Public Broadcast Solicitation
The information contained in this press release does not and is not meant to constitute a solicitation of a proxy within the meaning of applicable securities laws. Although the Concerned Shareholders have approached the Nominees for election to the Company’s board of directors at the Meeting of shareholders, the record date for the Meeting has not yet occurred and shareholders are not being asked at this time to execute a proxy in favour of any matter. In connection with the meeting, the Concerned Shareholders may file a dissident information circular in due course in compliance with applicable securities laws.
The information contained herein, and any solicitation made by the Concerned Shareholders in advance of the Meeting, is or will be, as applicable, made by the Concerned Shareholders and not by or on behalf of the management of Fancamp. All costs incurred for any solicitation will be borne by the Concerned Shareholders, provided that, subject to applicable law, the Concerned Shareholders may seek reimbursement from Fancamp of the Concerned Shareholders’ out-of-pocket expenses, including proxy solicitation expenses and legal fees, incurred in connection with a successful reconstitution of the Company’s board of directors. The Concerned Shareholders are not soliciting proxies in connection with a general meeting of shareholders of the Company at this time.
The Concerned Shareholders may engage the services of one or more agents and authorize other persons to assist in soliciting proxies on behalf of the Concerned Shareholders. Any proxies solicited by or on behalf of the Concerned Shareholders, including by any other agent retained by the Concerned Shareholders, may be solicited pursuant to a dissident information circular or by way of public broadcast, including through press releases, speeches or publications and by any other manner permitted under Canadian corporate and securities laws. Any such proxies may be revoked by instrument in writing executed by a shareholder or by his or her attorney authorized in writing or, if the shareholder is a body corporate, by an officer or attorney thereof duly authorized or by any other manner permitted by law.
The registered address of Fancamp is located at 7290 Gray Avenue, Burnaby, British Columbia V5J 3Z2. A copy of this press release may be obtained on Fancamp’ SEDAR profile at www.sedar.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84281
Modern brands stake on influencer marketing, with 76% of users making a purchase after seeing a product on social media.The cryptocurrency industry is no exception to this trend. However, promoting crypto products through influencer marketing can be particularly challenging. Crypto influencers pose a significant risk to a brand’s reputation and ROI due to rampant scams. Approximately 80% of channels provide fake statistics, including followers counts and engagement metrics. Additionally, this niche is characterized by high CPMs, which can increase the risk of financial loss for brands.
In this article Nadia Bubennnikova, Head of agency Famesters, will explore the most important things to look for in crypto channels to find the perfect match for influencer marketing collaborations.
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Comments
There are several levels related to this point.
LEVEL 1
Analyze approximately 10 of the channel’s latest videos, looking through the comments to ensure they are not purchased from dubious sources. For example, such comments as “Yes sir, great video!”; “Thanks!”; “Love you man!”; “Quality content”, and others most certainly are bot-generated and should be avoided.
Just to compare:
LEVEL 2
Don’t rush to conclude that you’ve discovered the perfect crypto channel just because you’ve come across some logical comments that align with the video’s topic. This may seem controversial, but it’s important to dive deeper. When you encounter a channel with logical comments, ensure that they are unique and not duplicated under the description box. Some creators are smarter than just buying comments from the first link that Google shows you when you search “buy YouTube comments”. They generate topics, provide multiple examples, or upload lists of examples, all produced by AI. You can either manually review the comments or use a script to parse all the YouTube comments into an Excel file. Then, add a formula to highlight any duplicates.
LEVEL 3
It is also a must to check the names of the profiles that leave the comments: most of the bot-generated comments are easy to track: they will all have the usernames made of random symbols and numbers, random first and last name combinations, “Habibi”, etc. No profile pictures on all comments is also a red flag.
LEVEL 4
Another important factor to consider when assessing comment authenticity is the posting date. If all the comments were posted on the same day, it’s likely that the traffic was purchased.
2. Average views number per video
This is indeed one of the key metrics to consider when selecting an influencer for collaboration, regardless of the product type. What specific factors should we focus on?
First & foremost: the views dynamics on the channel. The most desirable type of YouTube channel in terms of views is one that maintains stable viewership across all of its videos. This stability serves as proof of an active and loyal audience genuinely interested in the creator’s content, unlike channels where views vary significantly from one video to another.
Many unauthentic crypto channels not only buy YouTube comments but also invest in increasing video views to create the impression of stability. So, what exactly should we look at in terms of views? Firstly, calculate the average number of views based on the ten latest videos. Then, compare this figure to the views of the most recent videos posted within the past week. If you notice that these new videos have nearly the same number of views as those posted a month or two ago, it’s a clear red flag. Typically, a YouTube channel experiences lower views on new videos, with the number increasing organically each day as the audience engages with the content. If you see a video posted just three days ago already garnering 30k views, matching the total views of older videos, it’s a sign of fraudulent traffic purchased to create the illusion of view stability.
3. Influencer’s channel statistics
The primary statistics of interest are region and demographic split, and sometimes the device types of the viewers.
LEVEL 1
When reviewing the shared statistics, the first step is to request a video screencast instead of a simple screenshot. This is because it takes more time to organically edit a video than a screenshot, making it harder to manipulate the statistics. If the creator refuses, step two (if only screenshots are provided) is to download them and check the file’s properties on your computer. Look for details such as whether it was created with Adobe Photoshop or the color profile, typically Adobe RGB, to determine if the screenshot has been edited.
LEVEL 2
After confirming the authenticity of the stats screenshot, it’s crucial to analyze the data. For instance, if you’re examining a channel conducted in Spanish with all videos filmed in the same language, it would raise concerns to find a significant audience from countries like India or Turkey. This discrepancy, where the audience doesn’t align with regions known for speaking the language, is a red flag.
If we’re considering an English-language crypto channel, it typically suggests an international audience, as English’s global use for quality educational content on niche topics like crypto. However, certain considerations apply. For instance, if an English-speaking channel shows a significant percentage of Polish viewers (15% to 30%) without any mention of the Polish language, it could indicate fake followers and views. However, if the channel’s creator is Polish, occasionally posts videos in Polish alongside English, and receives Polish comments, it’s important not to rush to conclusions.
Example of statistics
Wrapping up
These are the main factors to consider when selecting an influencer to promote your crypto product. Once you’ve launched the campaign, there are also some markers to show which creators did bring the authentic traffic and which used some tools to create the illusion of an active and engaged audience. While this may seem obvious, it’s still worth mentioning. After the video is posted, allow 5-7 days for it to accumulate a basic number of views, then check performance metrics such as views, clicks, click-through rate (CTR), signups, and conversion rate (CR) from clicks to signups.
If you overlooked some red flags when selecting crypto channels for your launch, you might find the following outcomes: channels with high views numbers and high CTRs, demonstrating the real interest of the audience, yet with remarkably low conversion rates. In the worst-case scenario, you might witness thousands of clicks resulting in zero to just a few signups. While this might suggest technical issues in other industries, in crypto campaigns it indicates that the creator engaged in the campaign not only bought fake views and comments but also link clicks. And this happens more often than you may realize.
Summing up, choosing the right crypto creator to promote your product is indeed a tricky job that requires a lot of resources to be put into the search process.
Author
Nadia Bubennikova, Head of agency at Famesters
The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.
Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.
Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).
At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.
The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.
As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.
Source: fintech.globa
The post Central banks and the FinTech sector unite to change global payments space appeared first on HIPTHER Alerts.
TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.
The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.
This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.
TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.
Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.
TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.
Source: fintechfutures.com
The post TD Bank inks multi-year strategic partnership with Google Cloud appeared first on HIPTHER Alerts.
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