Focus Graphite Inc. Enters into $12 Million Equity Facility with Alumina Partners
Website: www.focusgraphite.com TSXV: FMS; OTCQX: FCSMF; FSE: FKC
Focus Graphite Inc. Enters into $12 Million Equity Facility with Alumina Partners
KINGSTON, ONTARIO, July 5, 2021 – Focus Graphite Inc. (TSX -V: FMS) (the “ Company” or “ Focus
Graphite”) announced today it has completed due diligence with Alumina Partners (Ontario) Ltd.
(“Alumina”), an affiliate of New York -based private equity firm Alumina Partners, LLC, and closed a first
tranche of private placement investment pursuant thereto.
Alumina is prepared to invest up to CAD$12 million in the company over a 24 -month period for working
capital and general corporate purposes, including to advance both of the Company’s flake graphite
projects in Quebec . The Company may, subject to certain conditions, elect to have Alumina invest in
private placements of up to $500,000. Each tranche shall be a private placement of units, to be comprised
of one common share and one-half of a common share purchase warrant, which will be exercisable for 36
months. The units will be issued at a discount of 15% to 25% from the closing market price at the time of
each tranche, and the warrants will be issued at a 25% premium over the closing market price at the time
of each tranche.
“Alumina Partners has a well -earned international reputation for partnerin g with companies that are
committed to responsibly managed growth, and we welcome their participation as we continue to
advance our flake graphite projects at Focus,” said Marc Roy, President and CEO of Focus Graphite. “These
investments by Alumina will pr ovide us with capital to complete the permitting process at Lac Knife and
complete a mineral resource estimate study at Lac Tétépisca.”
“We are excited to support Focus Graphite as they progress work at their Lac Knife and Lac Tétépisca
projects,” added Adi Nahmani, Managing Member of Alumina Partners. “We have every confidence in
management’s ability to execute against plan and hit the ground running as the resource sector recovers
from COVID-related impacts.”
Website: www.focusgraphite.com TSXV: FMS; OTCQX: FCSMF; FSE: FKC
In the first tranche that closed on July 2 nd, 2021, the Company completed a private placement for gross
proceeds of $200,000 from Alumina, with Alumina receiving 2,962,963 units of the Company consisting
of a common share priced at $0.0675 per share and warrants to purchase 1,481,482 common shares,
exercisable at $0.1125 per share for 36 months.
There are no standby charges or fees associated with these investments. Each tranche of units issued will
be subject to the acceptance of the TSX Venture Exchange, and the securities issued will be subject to the
customary 4-month hold period.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite
concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte -
Nord administrative region of Québec. In a second stage, to meet Québec stakeholder interests in
developing second transformation industries within the province and to add shareholder value, Focus is
evaluating the feasibility of produc ing value added specialty graphite products including battery-grade
spherical graphite.
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 about Focus Graphite, please visit www.focusgraphite.com.
Neither 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.
Forward Looking Information
This news release may contain certain forward-looking information and statements, includi ng 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 fa ct, are forward -looking information and such information involves
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 forward -looking information and a description of risk
factors that may cause actual results to differ materially from forward -looking information can be found
in Focus Graphite’s disclosure documents on the SEDAR website at www.sedar.com. The Company does
not undertake to update any forward-looking information except in accordance with applicable securities
laws.
Website: www.focusgraphite.com TSXV: FMS; OTCQX: FCSMF; FSE: FKC
Focus Graphite Investor Contact:
Scott Anderson
Investor Relations
(858) 229-7063
Focus Graphite Inc.
Judith Mazvihwa-MacLean
CFO
(613) 581-4040