Focus Graphite Announces a Non-Brokered Private Placement for $2,500,000
August 29, 2017
For Immediate Release
FMS: TSX-VENTURE
Focus Graphite Announces a
Non-Brokered Private Placement for $2,500,000
OTTAWA – August 29, 2017 -- Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC)
(“Focus” or the “Company”) is pleased to announce that it intends to complete a non-brokered
private placement of up to 33,333,333 units at a price of $0.075 per unit, for gross proceeds to
Focus of up to $2,500,000 (the “Offering”). Each of the units will consist of one common share in
the capital of Focus Graphite and one common share purchase warrant. Each warrant will
entitle its holder to purchase one additional common share of Focus at an exercise price of
$0.10 for a period of 48 months. Focus has received commitment for $2,077,500, which funds
have been deposited in trust pending the receipt of all necessary regulatory approvals.
In connection with the closing of the Offering, Focus may pay cash finder’s fees and issue non-
transferable warrants within the limits permitted by the TSX Venture Exchange.
The net proceeds from the sale of the units will be added to Focus’ working capital.
Closing of the Offering is subject to a number of conditions, including rece ipt of all necessary
regulatory approvals. Under applicable securities legislation and the policies of the TSX Venture
Exchange, the securities issued under the Offering will be subject to a four-months hold period.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration company with an objective of producing graphite
concentrate at its wholly-owned Lac Knife flake graphite deposit located 27 km south of
Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation
within the province and to add shareholder value, Focus is evaluating the feasibility of producing
value added graphite products including battery-grade spherical graphite.
Focus Graphite is a technology -oriented graphite development comp any with a vision for
building long-term, sustainable shareholder value. Focus also holds a significant equity position
in graphene applications developer Grafoid Inc.
For more information about Focus Graphite, please visit www.focusgraphite.com.
Forward Looking Statement
This News Release contains "forward -looking information" within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such forward-looking information can be
identified by the use of forward -looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: ( i) volatile stock price; (ii) the general
global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv)
the risk associated with exploration, development and operations of mineral deposits; (v) the risk
associated with establishing title to mineral properties and assets; (vi) the risks associated with
entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with
uninsurable risks arising during the course of exploration, developme nt and production; (ix)
competition faced by the Company in securing experienced personnel and financing; (x) access
to adequate infrastructure to support mining, processing, development and exploration activities;
(xi) the risks associated with changes in the mining regulatory regime governing the Company;
(xii) the risks associated with the various environmental regulations the Company is subject to;
(xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of
interest; (xv) the reliance on key personnel; (xvi) liquidity risks; and (xvii) the risk of potential
dilution through the issue of common shares. Forward -looking information is based on
assumptions management believes to be reasonable at the time such state ments are made,
including but not limited to, continued exploration activities, no material adverse change in metal
prices, exploration and development plans proceeding in accordance with plans and such plans
achieving their stated expected outcomes, recei pt of required regulatory approvals, and such
other assumptions and factors as set out herein. Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained
in the forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such forward -looking
information will prove to be accurate, as actual results and future events could differ materia lly
from those anticipated in such forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in understanding the Company's business,
operations and exploration plans and may not be appropriate f or other purposes. Accordingly,
readers should not place undue reliance on forward -looking information. Forward-looking
information is made as of the date of this News Release, and the Company does not undertake
to update such forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this
release.
Contact
Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1 613-241-4040
www.focusgraphite.com