Focus Graphite Announces Third Closing of Private Placement FOR $1,113,525
April 25, 2017
For Immediate Release
FMS: TSX-VENTURE
FOCUS GRAPHITE ANNOUNCES THIRD CLOSING OF
PRIVATE PLACEMENT FOR $1,113,525
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
OTTAWA - April 21, 2017 - Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC) (“Focus”) is
pleased to announce that it has held a third closing of its previously -announced non -
brokered private placement at which it issued an aggregate of 14,847,001 units at a price of
$0.075 per unit, for gross proceeds to Focus of $1,113,525. 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 until April 21, 2021.
As a result of the third closing, Focus raised total proceeds of $2,489,372 in the private
placement. The net proceeds from the sale of the units will be adde d to Focus’ working
capital.
In connection with the third closing of the private placement, Focus paid finder’s fee in the
aggregate amount of $46,000. In addition, Focus issued non -transferable broker warrants
entitling to acquire up to an aggregate of 613,333 common shares of Focus at a price of $0.10
per share until April 21, 2021.
Under applicable securities legislation and the policies of the TSX Venture Exchange (the
“Exchange”), all securities issued at the third closing of the private placement are subject to
a four -month hold period, expiring on August 22, 2017. The private placement 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 val ue. Focus also holds a significant equity position in
graphene applications developer Grafoid Inc.
For more information about Focus Graphite, please visit www.focusgraphite.com.
- 2 -
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