Focus Graphite Inc. Provides Update on Amended Stock Option Plan
Focus Graphite Inc. Provides Update on Amended Stock Option Plan
KINGSTON, ONTARIO – October 29, 2021) - Focus Graphite Inc. (TSX VENTURE:FMS)
(OTCQX:FCSMF) (FRANKFURT:FKC) ("Focus" or the "Company"), an advanced exploration
company focused on the production of graphite concentrate is pleased to provide the following
update regarding its Fixed Stock Option Plan. At the shareholders meeting held May 21, 2021,
disinterested shareholders of the Company approved an amended fixed 20% incentive stock
option plan (the "Amended Plan") to replace the previous fixed stock option plan.
Pursuant to the Amended Plan, the number of options available under the plan was increased
to 92,740,502 common shares in the capital of the Company which may be granted to directors,
officers, employees, and consultants of the Company from time to time. The Amended Plan
also permits options granted under the Amended Plan to be exercised at a price not less than
the Discounted Market Price (as such term is defined in the polices of the TSX Venture
Exchange ("TSXV")), subject to a minimum exercise price of $0.05.
The Amended Plan is subject to the approval of the TSXV.
The Company also wishes to provide the following correction to its news release of June 8,
2021, and clarify that a finder’s fee of $700 was paid and 5,833 Finders Warrants were paid on
the Final Tranche of its recently completed private placement.
About Focus Graphite
Focus Graphite Inc. is an exploration and development company that seeks to produce flake
graphite concentrate at its wholly-owned Lac Knife and Lac Tétépisca flake graphite projects
located in the Côte-Nord administrative region of Québec. As part of its mission to build long-
term, sustainable shareholder value, Focus is also evaluating the feasibility of producing value-
added specialty graphite products, including battery-grade spherical graphite. Focus also holds
an 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.
For more information, please contact:
Kimberly Darlington
Communications, Focus Graphite
Judith Mazvihwa-Maclean
CFO, Focus Graphite
(613) 581-4040