Focus Graphite Announces Increase to Previously Announced Non-Brokered Private Placements of Flow-Through Units
Website : www.focusgraphite.com TSXV: FMS; OTCQX: FCSMF; FSE: FKC
Focus Graphite Announces Increase to Previously Announced Non-Brokered Private
Placements of Flow-Through Units
KINGSTON , ONTARIO, December 18, 2020 – Focus Graphite Inc. (TSXV: FMS ) (the “ Company ” or “ Focus
Graphite ”) is pleased to announce that it has increased the gross proceeds for the flow-through portion
of its previously announced non-brokered private pl acement of up to 10,000,000 units (“ Flow-Through
Units ”) for gross proceeds of $500,000 (the “ Initial Offering ”). The Company has increased the Initial
Offering to 20,000,000 Flow-Through Units at $0.05 per Flow-Through Unit for gross proceeds of up to
$1,000,000 to accommodate investor demand (the “ Offering ”).
Each Flow-Through Unit consists of one Common Share issued on a flow-through basis (a “ Flow-Through
Share ”) and one Warrant. Each Warrant issued as part of the Flow-Through Unit will entitle the holder
thereof to acquire one Common Share, which is not a Flow-Through Share, at an exercise price per
Common Share of $0.055 for a period of 24 months from the Closing Date.
The Company may pay finder's fees equal to 7% of th e gross proceeds from a portion of the financing in
cash, and 7% finders warrants equal to the number o f units sold based on the same terms and in
accordance with the policies of the TSX Venture Exchange.
The Company further announces the closing of the fi rst tranche of the Offering for gross proceeds of
$350,000. The Company issued 7,000,000 Flow-Through Units.
An insider of the Company participated in the closing of the Offering’s first tranche and subscribed for an
aggregate of 4,000,000 Flow-Through Units representing an aggregate amount of $200,000. Participation
of insiders of the Company in the Offering constitu tes a "related party transaction" as defined under
Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“ MI 61-
101 ”). The Offering is exempt from the formal valuation and minority shareholder approval requirements
of MI 61-101 as neither the fair market value of se curities being issued to insiders nor the considera tion
being paid by insiders will exceed 25% of the Compa ny's market capitalization. The Company did not file
a material change report 21 days prior to the closi ng of the Offering as the details of the participat ion of
insiders of the Company had not been confirmed at that time.
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.
Website : www.focusgraphite.com TSXV: FMS; OTCQX: FCSMF; FSE: FKC
Forward Looking Information
This news release may contain certain forward-looki ng information and statements, including without
limitation, the closing of the Offerings, statements pertaining to the use of proceeds, and the Company's
ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein,
other than statements of historical fact, are forwa rd-looking information and such information involve s
various risks and uncertainties. There can be no assurance that such information will prove to be accurate,
and actual results and future events could differ materially from those anticipated in such information. A
description of assumptions used to develop such for ward-looking information and a description of risk
factors that may cause actual results to differ mat erially from forward-looking information can be found
in Focus Graphite's disclosure documents on the SED AR website at www.sedar.com. The Company does
not undertake to update any forward-looking information except in accordance with applicable securities
laws.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration comp any with an objective of producing flake 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 de velopment 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 .
Focus Graphite Investor Contact:
Scott Anderson
Investor Relations
(858) 229-7063
Focus Graphite Inc.
Judith Mazvihwa-MacLean
CFO
(613) 581-4040