Focus Graphite Announces Amendment to Terms of Non-Brokered Private Placement and Extension of Closing Timeline
Focus Graphite (TSXV:FMS, OTCQB:FCSMF) has announced changes to its non-brokered private placement offering, extending the closing date to February 21, 2025. The company has modified the offering terms to now include up to 5,000,000 units at $0.10 per unit, aiming to raise aggregate 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 additional share at $0.20 for 36 months from issuance. The proceeds will support development activities at the company's Lac Knife and Tétépisca Projects in Quebec and general corporate purposes.
The company plans to pay finder's fees of up to 7% in cash and issue up to 7% in finder's warrants to eligible finders. All securities will have a four-month and one-day hold period, subject to TSX Venture Exchange approval.
Focus Graphite (TSXV:FMS, OTCQB:FCSMF) ha annunciato modifiche alla sua offerta di collocamento privato non intermediato, estendendo la data di chiusura al 21 febbraio 2025. L'azienda ha modificato i termini dell'offerta per includere fino a 5.000.000 di unità a $0,10 per unità, con l'obiettivo di raccogliere proventi lordi aggregati fino a $500.000.
Ogni unità è composta da un'azione comune e un warrant non trasferibile, con ciascun warrant che consente l'acquisto di un'ulteriore azione a $0,20 per 36 mesi dall'emissione. I proventi supporteranno le attività di sviluppo presso i progetti Lac Knife e Tétépisca in Quebec e per scopi aziendali generali.
L'azienda prevede di pagare commissioni ai procacciatori fino al 7% in contante e di emettere fino al 7% in warrant ai procacciatori idonei. Tutti i titoli avranno un periodo di blocco di quattro mesi e un giorno, soggetto all'approvazione della TSX Venture Exchange.
Focus Graphite (TSXV:FMS, OTCQB:FCSMF) ha anunciado cambios en su oferta de colocación privada no intermediada, extendiendo la fecha de cierre al 21 de febrero de 2025. La empresa ha modificado los términos de la oferta para incluir hasta 5,000,000 de unidades a $0.10 por unidad, con el objetivo de recaudar ingresos brutos agregados de hasta $500,000.
Cada unidad consiste en una acción común y un warrant no transferible, con cada warrant permitiendo la compra de una acción adicional a $0.20 durante 36 meses desde la emisión. Los ingresos apoyarán las actividades de desarrollo en los proyectos Lac Knife y Tétépisca en Quebec y para fines corporativos generales.
La empresa planea pagar comisiones de hasta el 7% en efectivo y emitir hasta el 7% en warrants a los halladores elegibles. Todos los valores tendrán un período de retención de cuatro meses y un día, sujeto a la aprobación de la TSX Venture Exchange.
포커스 그래파이트 (TSXV:FMS, OTCQB:FCSMF)는 비중개 사모 배정 제안에 대한 변경 사항을 발표하며, 마감일을 2025년 2월 21일로 연장했습니다. 회사는 제안 조건을 수정하여 5,000,000 유닛까지 포함하고 각 유닛을 $0.10에 제공하여 최대 $500,000의 총 수익을 올릴 계획입니다.
각 유닛은 하나의 보통주와 하나의 양도 불가능한 워런트로 구성되어 있으며, 각 워런트는 발행일로부터 36개월 동안 $0.20에 추가 주식을 구매할 수 있게 합니다. 수익금은 퀘벡의 Lac Knife 및 Tétépisca 프로젝트의 개발 활동과 일반 기업 목적을 지원하는 데 사용됩니다.
회사는 적격한 중개인에게 최대 7%의 현금 수수료를 지급하고 최대 7%의 중개인 워런트를 발행할 계획입니다. 모든 증권은 TSX 벤처 거래소의 승인을 조건으로 4개월과 1일의 보유 기간이 있습니다.
Focus Graphite (TSXV:FMS, OTCQB:FCSMF) a annoncé des modifications à son offre de placement privé non intermédié, prolongeant la date de clôture au 21 février 2025. L'entreprise a modifié les conditions de l'offre pour inclure jusqu'à 5 000 000 d'unités à 0,10 $ par unité, visant à lever des produits bruts agrégés allant jusqu'à 500 000 $.
Chaque unité se compose d'une action ordinaire et d'un warrant non transférable, chaque warrant permettant l'achat d'une action supplémentaire à 0,20 $ pendant 36 mois à partir de l'émission. Les produits financeront les activités de développement des projets Lac Knife et Tétépisca au Québec et des fins corporatives générales.
L'entreprise prévoit de verser des commissions de placement allant jusqu'à 7 % en espèces et d'émettre jusqu'à 7 % en warrants de placement aux intermédiaires éligibles. Tous les titres auront une période de blocage de quatre mois et un jour, sous réserve de l'approbation de la TSX Venture Exchange.
Focus Graphite (TSXV:FMS, OTCQB:FCSMF) hat Änderungen an seinem nicht vermittelten Privatplatzierungsangebot angekündigt und das Abschlussdatum auf den 21. Februar 2025 verlängert. Das Unternehmen hat die Angebotsbedingungen geändert, um bis zu 5.000.000 Einheiten zu einem Preis von 0,10 $ pro Einheit anzubieten, mit dem Ziel, insgesamt bis zu 500.000 $ an Bruttoeinnahmen zu erzielen.
Jede Einheit besteht aus einer Stammaktie und einem nicht übertragbaren Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Aktie zu 0,20 $ für 36 Monate ab Ausgabe ermöglicht. Die Einnahmen werden die Entwicklungsaktivitäten der Lac Knife und Tétépisca Projekte in Quebec sowie allgemeine Unternehmenszwecke unterstützen.
Das Unternehmen plant, Vermittlungsgebühren von bis zu 7% in bar zu zahlen und bis zu 7% an Vermittlungs-Warrants an berechtigte Vermittler auszugeben. Alle Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag, vorbehaltlich der Genehmigung durch die TSX Venture Exchange.
- Potential to raise up to $500,000 in new capital
- Proceeds allocated to development of two key Quebec projects
- 36-month warrant period provides extended investment opportunity
- Dilutive effect on existing shareholders through new share issuance
- Additional dilution possible through finder's warrants
- Low unit price of $0.10 may indicate challenging market conditions
NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
OTTAWA, ON / ACCESS Newswire / February 12, 2025 / Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FSE:FKC) ("Focus" or the "Company"), is pleased to announce that, further to its news release dated February 5, 2025, the Company has extended its non-brokered private placement offering (the "Offering") until February 21, 2025 (the "Closing Date"), subject to approval by the TSX Venture Exchange.
In addition, the Company has amended the terms of the Offering such that the Company will now offer up to 5,000,000 unit (each, a "Unit") at a price of
The proceeds from the private placement will be used to fund development activities at the Company's Lac Knife and Tétépisca Projects in Quebec, as well as for general corporate and working capital purposes.
All securities issued in the Offering will be subject to a statutory four month and one day hold period. Closing of the Offering is subject to the Company's receipt of all necessary regulatory approval, including approval of the TSX Venture Exchange ("the TSX Venture"). The Offering is expected to close on or about February 21, 2025.
The Company intends to pay a finder's fee of up to
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exmptions from such registration is available.
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 completion of the non-brokered private placement (the "Offering"), the terms and expected closing date of the Offering, the receipt of regulatory approvals, the intended use of proceeds, and the Company's business objectives, plans, and strategies.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.
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.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Focus Graphite, Inc.
View the original press release on ACCESS Newswire
FAQ
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