Focus Graphite Announces First Closing of a Non-Brokered Private Placement for $75,000
September 26, 2017
For Immediate Release
FMS: TSX-VENTURE
Focus Graphite Announces First Closing of a
Non-Brokered Private Placement for $75,000
OTTAWA – September 26, 2017 -- Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE:
FKC) (“Focus”) is pleased to announce that it has held a first closing of a non -brokered private
placement at which it issued an aggregate of 1,000,000 units at a price of $0.075 per unit, for
gross proceeds to Focus of $75,000. Each of the units consists of one common share in the
capital of Focus and one common share purchase warrant. Each warrant entitles its holder to
purchase one additional common share of Focus at an exercise price of $0.10 for a period of 48
months.
As previously announced, Focus has received a subscription for an additionnal $2,077,500,
which funds (the “Funds”) have been deposited in trust pending the receipt of all necessary
regulatory approvals.Accordingly, an additionnal 27,700,000 units will be issued and the Funds
will be released to Focus once such approvals have been obtained.
The net proceeds from the sale of the units will be added to Focus’ working capital.
Under applicable securities legislation and the policies of the TSX Venture Exchange, t he
securities issued at the fourth closing of the private placement are subject to a four -month hold
period, expiring on January 26, 2017.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration and mining 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 evaluati ng the
feasibility of producing value added graphite products including battery-grade spherical graphite.
Focus Graphite is a technology-oriented graphite mining development company 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 cer tain
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 ac tivity, 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, development 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 statements 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, receipt 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 materially
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 for other purposes. Accordingly,
readers should not place undue reliance on for ward-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