Focus Graphite Announces Second Closing of Private Placement FOR $438,832
March 29, 2017
For Immediate Release
FMS: TSX-VENTURE
FOCUS GRAPHITE ANNOUNCES SECOND CLOSING OF
PRIVATE PLACEMENT FOR $438,832
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
OTTAWA - March 29, 2017 - Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC) (“Focus”)
is pleased to announce that it has held a second closing of its previously-announced non-
brokered private placement at which it issued an aggregate of 5,851,103 units at a price of
$0.075 per unit, for gross proceeds to Focus of $438,832. Each of the units consists of one
common share in the capital of Focus Graphite 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 a result of the second closing, Focus raised total proceeds of $1,375,847 in the private
placement. Additional closings of the private placement may be held until May 8, 2017,
subject to a maximum of 33,333,333 units, for total maximum gross proceeds of
approximately $2.5 million.
The net proceeds from the sale of the units will be added to Focus’ working capital.
In connection with the second closing of the private placement, Focus paid finder’s fee in
the aggregate amount of $33,106.62. In addition, Focus issued broker warrants entitling to
acquire up to an aggregate of 441,422 additional common shares of Focus at a price of
$0.10 per share until March 24, 2021.
Under applicable securities legislation and the policies of the TSX Venture Exchange, the
securities issued at the second closing of the private placement are subject to a four-month
hold period, expiring on July 25, 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
evaluating the feasibility of producing value added graphite products including battery-
grade spherical graphite.
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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.
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 adequacy or
accuracy of this release.
Contact:
Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1-613-241-4040
www.focusgraphite.com