Focus Graphite Advanced Materials Announces the Commencement of a Non-Brokered Private Placement
Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) has announced a non-brokered private placement offering of up to 5,000,000 units at $0.10 per unit, aiming to raise gross proceeds of up to $500,000. Each unit consists of one common share and one non-transferable warrant, with each warrant allowing the purchase of one common share at $0.20 within 24 months from closing.
The offering, expected to close around February 15, 2025, will be sold to accredited investors and company insiders with a four-month hold period. No commissions or fees are associated with this financing. The proceeds will support existing operations and working capital requirements. The offering requires TSX Venture Exchange approval and satisfaction of customary closing conditions.
Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) ha annunciato un'offerta di collocamento privato non mediato fino a 5.000.000 di unità a $0,10 per unità, puntando a raccogliere proventi lordi fino a $500.000. Ogni unità consiste in un'azione ordinaria e un warrant non trasferibile, con ogni warrant che consente l'acquisto di un'azione ordinaria a $0,20 entro 24 mesi dalla chiusura.
L'offerta, prevista per chiudere attorno al 15 febbraio 2025, sarà venduta a investitori accreditati e insider dell'azienda con un periodo di blocco di quattro mesi. Non ci sono commissioni o spese associate a questo finanziamento. I proventi sosterranno le operazioni esistenti e i requisiti di capitale circolante. L'offerta richiede l'approvazione della TSX Venture Exchange e la soddisfazione delle condizioni di chiusura consuete.
Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) ha anunciado una oferta de colocación privada no mediada de hasta 5.000.000 de unidades a $0,10 por unidad, con el objetivo de recaudar ingresos brutos de hasta $500.000. Cada unidad consiste en una acción ordinaria y un warrant no transferible, permitiendo cada warrant la compra de una acción ordinaria a $0,20 dentro de los 24 meses posteriores al cierre.
Se espera que la oferta se cierre alrededor del 15 de febrero de 2025, que se venderá a inversores acreditados y miembros de la empresa con un período de bloque de cuatro meses. No hay comisiones ni tarifas asociadas con este financiamiento. Los ingresos apoyarán las operaciones existentes y los requisitos de capital de trabajo. La oferta requiere la aprobación de la TSX Venture Exchange y el cumplimiento de las condiciones de cierre habituales.
포커스 그래파이트 (TSXV:FMS)(OTCQX:FCSMF)가 비중개 방식으로 최대 5,000,000 유닛의 사모 발행을 $0.10에 진행한다고 발표했으며, 총 $500,000의 자금을 모집할 계획입니다. 각 유닛은 하나의 보통주와 이전 불가능한 워런트로 구성되며, 각 워런트는 종료 후 24개월 이내에 $0.20에 하나의 보통주를 구매할 수 있습니다.
이번 제공은 2025년 2월 15일 경에 마감될 것으로 예상되며, 자격을 갖춘 투자자 및 회사 내부인에게 판매되며 4개월의 보유 기간이 있습니다. 이 자금 조달에는 수수료나 비용이 없습니다. 모집된 자금은 기존 운영 및 자본 요구 사항을 지원하는 데 사용됩니다. 이 제공은 TSX 벤처 거래소의 승인과 통상적인 종료 조건을 충족해야 합니다.
Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) a annoncé une offre de placement privé non médiée pouvant atteindre 5.000.000 d'unités au prix de 0,10 $ par unité, visant à lever des produits bruts pouvant atteindre 500.000 $. Chaque unité se compose d'une action ordinaire et d'un warrant non transférable, chaque warrant permettant l'achat d'une action ordinaire à 0,20 $ dans les 24 mois suivant la clôture.
L'offre, qui devrait se clôturer autour du 15 février 2025, sera vendue à des investisseurs accrédités et à des initiés de l'entreprise avec une période de blocage de quatre mois. Aucune commission ou frais n'est associé à ce financement. Les produits soutiendront les opérations existantes et les besoins en fonds de roulement. L'offre nécessite l'approbation de la TSX Venture Exchange et le respect des conditions de clôture habituelles.
Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) hat eine nicht vermittelte Privatplatzierung von bis zu 5.000.000 Einheiten zu einem Preis von $0,10 pro Einheit angekündigt, mit dem Ziel, Bruttoeinnahmen von bis zu $500.000 zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem nicht übertragbaren Warrant, welcher den Kauf einer Stammaktie zu $0,20 innerhalb von 24 Monaten nach Abschluss ermöglicht.
Das Angebot, das voraussichtlich um den 15. Februar 2025 geschlossen wird, wird an akkreditierte Investoren und Insider des Unternehmens verkauft, mit einer Haltefrist von vier Monaten. Es sind keine Provisionen oder Gebühren mit dieser Finanzierung verbunden. Die Erlöse unterstützen die bestehenden Betriebsabläufe und die Anforderungen an das Working Capital. Das Angebot erfordert die Genehmigung der TSX Venture Exchange und das Erfüllen der üblichen Abschlussbedingungen.
- No commissions or fees associated with the financing, maximizing net proceeds
- Potential dilution for existing shareholders through issuance of 5,000,000 new units
- Additional potential dilution if warrants are exercised
- Low offering price at $0.10 per unit indicates weak market position
OTTAWA, ON / ACCESS Newswire / February 5, 2025 / Focus Graphite Inc. (TSXV:FMS)(OTCQX:FCSMF)(FSE:FKC) ("Focus" or the "Company"), announced today that it has arranged a non-brokered private placement of up to 5,000,000 units (the "Units") of the Company at a price of
No commissions or fees are payable in connection with this financing. The net proceeds of this financing will be used to maintain the Company's existing operations and general working capital requirements.
The Offering is expected to close on or about February 15, 2025 (the "Closing Date"), and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, as well as the satisfaction of other customary closing conditions. The Units will be sold on a private placement basis to accredited investors and insiders of the Company pursuant to the "accredited investor" exemption or other available and agreed upon exemptions from prospectus requirements. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.
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 qualification under the securities laws of any such jurisdiction.
About Focus Graphite Inc.
Focus Graphite Inc. is an advanced materials company developing sustainable mining and technology innovations. At the heart of our operations is the Lac Knife flake graphite deposit, known for its high purity and grade-ideal for applications in the military, defense, and green energy revolutions. Currently advancing through Canada's mine permitting process, Focus Graphite is on the verge of transforming this resource into a viable supplier of critical mineral.
Our proprietary, environmentally sustainable processing technologies ensure a green, chemical-free pathway from mine to market. The Company's proprietary silicon-enhanced spheroidized graphite patent technology is aimed at improving battery performance. We specialize in producing advanced, high-purity graphite materials tailored for diverse industries, including EV batteries, military applications, and high-tech manufacturing.
Focus Graphite's commitment extends beyond resource extraction-we are actively seeking partnerships with industry leaders, academic institutions, and government bodies to try and accelerate the commercialization of advanced materials and technologies derived from our flagship project. As a proud Canadian company, we are dedicated to contributing to North America's secure and sustainable critical minerals supply chain.
For more information on Focus Graphite Inc. please visit https://focusgraphite.com/
Investors Contact:
Dean Hanisch
CEO, Focus Graphite Inc.
dhanisch@focusgraphite.com
613-612-6060
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the Company's plans to advance its Lac Knife and Tétépisca projects through permitting, resource development, and commercialization efforts; the anticipated completion of an updated NI 43-101 Mineral Resource Estimate for Tétépisca; the potential for Lac Knife to become a key supplier of high-purity flake graphite; the Company's ability to secure off-take agreements and strategic partnerships; the anticipated performance and scalability of the Company's proprietary silicon-enhanced spheroidized graphite technology; the expected benefits of its environmentally friendly purification process; and the Company's positioning as a key player in securing North American critical mineral supply chains.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the Company's ability to obtain necessary permits and approvals on anticipated timelines, the successful execution of exploration and development programs, the viability and scalability of its proprietary graphite processing technologies, the ability to attract commercial partners, and the continuation of favorable market conditions for graphite demand in energy storage, electric vehicles, and other advanced industrial applications.
Although forward-looking information is based on reasonable assumptions made by the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks related to permitting and regulatory approvals; delays or challenges in the exploration, development, or commercialization of the Company's projects and technologies; changes in graphite market demand and pricing; technological and operational challenges in scaling up proprietary processing technologies; financing risks; and the general risks inherent in the exploration and development of mineral deposits.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.
The TSX Venture Exchange and OTCQX have not reviewed, approved, or disapproved the contents of this press release.
SOURCE: Focus Graphite, Inc.
View the original press release on ACCESS Newswire
FAQ
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