Focus Graphite Inc.: Ongoing Private Placement

Focus Graphite, V.FMS

Focus Graphite Inc., (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) announces that following the press release dated April 4, 2016 announcing the closing of the first tranche of Focus’ private placement, Focus is in the process of closing additional tranches for maximum total gross proceeds of $4,000,000.20. The private placement is for a maximum of 13,333,334 units at a price of $0.15 per unit for gross proceeds of $2,000,000.10 and 11,428,572 flow-through common shares at a price of $0.175 per flow-through common shares for gross proceeds of $2,000,000.10. Each Unit is comprised of one (1) common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles its holder to purchase one (1) common share at a price of $0.20 per share for a period of 48 months following the closing. read more

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