Focus Graphite Closes Non-Brokered Private Placement
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Focus Graphite Closes Non-Brokered Private Placement
(TSXV: FMS)
Ottawa, ON November 26, 2024 – Focus Graphite Inc. (TSXV:FMS) (“ Focus” or the
“Company”) announced today that on November 15, 2024 it completed its previously disclosed
non-brokered private placement (the “Offering”) following the closing of a second tranche.
The second tranche raised gross proceeds of $ 52,500 through the issuance of 700,000 units (the
“Units”) at a price of $0.075 per Unit. Each Unit consists of one common share (a “ Common
Share”) in the capital of the Company and one non -transferable common share purchase warrant
(a “Warrant”) of the Company. Each whole Warrant will entitle the holder thereof to acquire one
Common Share (a “Warrant Share”) at an exercise price per Warrant Share of $0.10 for a period
of 36 months from the date of issue.
The Company paid a finder’s fee of $1,575 and issued 21,000 finders warrant (the “ Finders
Warrants”). Each Finders Warrants entitles the finder to purchase one Warrant Share for a period
of 36 months from the date of issue at a price of $0.10 per Warrant Share.
The Common Shares, Warrants, Finders Warrants and Warrant Shares will have a hold period of
four months and one day until March 16, 2025.
With closing of the first and second tranches, the Company raised an aggregate of $452,500 and
issued 6,033,336 Units in the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualif ication under the securities laws of any such
jurisdiction.
About Focus Graphite Inc.
Focus Graphite Inc. is an advanced exploration company 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.
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Focus Graphite is a technology-oriented graphite 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, please visit www.focusgraphite.com or contact:
Judith Mazvihwa-Maclean, CFO
T. +1(613)581-4040
Neither TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward -looking information"
within the meaning of applicable securities law. Forward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the
expectations reflected in the forward-looking information are reasonable, there can be no assurance that
such expectations will prove to be correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the actual results achieved will be the same, in
whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in the forward-looking information.
Please refer to the risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward -looking information to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.