Focus Graphite Announces Second and Final Closing of a Non-Brokered Private Placement for $2,077,500
October 5, 2017
For Immediate Release
FMS: TSX-VENTURE
Focus Graphite Announces Second and Final Closing of a
Non-Brokered Private Placement for $2,077,500
OTTAWA – October 5, 2017 -- Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC)
(“Focus”) is pleased to announce that it has received all the necessary regulatory approvals to
complete the previously announced additional $2,077,500 subscription (see news release dated
September 26, 2017 for more details). Therefore, as part of a second and final closing of its
previously announced non-brokered private placement (the “Offering”), Focus has issued
27,700,000 units at a price of $0.075 per unit for gross proceeds of $2,077,500. Each unit
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 until October 4, 2021.
Under applicable securities legislation and the policies of the TSX Venture Exchange (the
“Exchange”), the securities issued at the second closing of the private placement are subject to
a four-month hold period, expiring on February 5, 2018. The Offering remains subject to the final
approval of the Exchange.
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 evaluating 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 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 pr ice; (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 regul atory 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. A ccordingly,
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