Proxy fight: Lavery successfully advises Fancamp

- Sébastien Vézina

Lavery, de Billy, L.L.P. acted as special advisor to the Board of Directors of Fancamp Exploration Ltd. ("Fancamp") with regards to a proxy fight launched by a dissenting shareholder, which involved replacing Fancamp’s current board members.

A team headed by Michel Blouin and including Sébastien Vézina, Jean Tessier and Maxime Bergeron provided advice to the management of Fancamp on the best possible way to cope with the proxy fight.

More specifically, the Lavery team provided to Fancamp legal and strategic advice focusing on hostile takeovers and regulations concerning good governance as well as the smooth functioning of the meeting. In addition, Lavery offered to help Fancamp perform proxy verification so as to ensure that the voting results comply with the requirements set out by the Securities Transfer Association of Canada.

The dissenting shareholder’s attempt was rejected at Fancamp’s Annual Shareholders’ Meeting that was held on October 26, 2012 in Toronto. Michel Blouin, Sébastien Vézina and Jean Tessier were present at the Meeting to advise and assist the management of Fancamp and the Chairman of the Board. Sébastien Vézina acted as Secretary of the Meeting.

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