Focus Graphite Closes First Tranche of Non-Brokered Private Placement
Focus Graphite (FCSMF) has completed the first tranche of its non-brokered private placement, issuing 4,650,000 units at $0.10 per unit for gross proceeds. Each unit comprises one common share and one non-transferable warrant, with each warrant allowing the purchase of one additional share at $0.20 within 36 months.
The securities will have a four-month hold period until June 29, 2025. The company plans to use the proceeds for maintaining existing operations and general working capital, including funding its new strategic direction in battery technology and advanced materials development.
Additionally, Focus Graphite has cancelled 2,950,000 stock options previously granted to directors, officers, and consultants. These options, issued on February 26, 2021, had an exercise price of $1.20 per share and were originally set to expire in February 2026.
Focus Graphite (FCSMF) ha completato la prima tranche del suo collocamento privato non intermediato, emettendo 4.650.000 unità a $0,10 per unità per un ricavo lordo. Ogni unità comprende una azione ordinaria e un warrant non trasferibile, con ogni warrant che consente l'acquisto di un'ulteriore azione a $0,20 entro 36 mesi.
I titoli avranno un periodo di blocco di quattro mesi fino al 29 giugno 2025. L'azienda prevede di utilizzare i proventi per mantenere le operazioni esistenti e per il capitale circolante generale, inclusi i finanziamenti per la sua nuova direzione strategica nella tecnologia delle batterie e nello sviluppo di materiali avanzati.
Inoltre, Focus Graphite ha annullato 2.950.000 opzioni su azioni precedentemente concesse a direttori, funzionari e consulenti. Queste opzioni, emesse il 26 febbraio 2021, avevano un prezzo di esercizio di $1,20 per azione e dovevano originariamente scadere a febbraio 2026.
Focus Graphite (FCSMF) ha completado la primera tranche de su colocación privada no intermediada, emitiendo 4.650.000 unidades a $0.10 por unidad para ingresos brutos. Cada unidad comprende una acción ordinaria y una opción no transferible, con cada opción permitiendo la compra de una acción adicional a $0.20 dentro de 36 meses.
Los valores tendrán un período de bloqueo de cuatro meses hasta el 29 de junio de 2025. La empresa planea utilizar los ingresos para mantener las operaciones existentes y el capital de trabajo general, incluyendo la financiación de su nueva dirección estratégica en tecnología de baterías y desarrollo de materiales avanzados.
Además, Focus Graphite ha cancelado 2.950.000 opciones sobre acciones previamente otorgadas a directores, funcionarios y consultores. Estas opciones, emitidas el 26 de febrero de 2021, tenían un precio de ejercicio de $1.20 por acción y estaban originalmente programadas para expirar en febrero de 2026.
포커스 그래파이트 (FCSMF)는 중개인 없는 개인 배치의 첫 번째 분할을 완료하고 4,650,000 단위를 단위당 $0.10에 발행하여 총 수익을 올렸습니다. 각 단위는 하나의 보통주와 하나의 양도 불가능한 워런트로 구성되며, 각 워런트는 36개월 이내에 $0.20에 추가 주식을 구매할 수 있도록 합니다.
증권은 2025년 6월 29일까지 4개월의 보유 기간이 있습니다. 회사는 수익금을 기존 운영 유지 및 일반 운영 자본, 배터리 기술 및 고급 재료 개발에 대한 새로운 전략적 방향 자금을 포함하여 사용하려고 합니다.
또한, 포커스 그래파이트는 이사, 임원 및 컨설턴트에게 이전에 부여된 2,950,000 주식 옵션을 취소했습니다. 이 옵션은 2021년 2월 26일에 발행되었으며, 주당 행사 가격은 $1.20이고 원래 2026년 2월에 만료될 예정이었습니다.
Focus Graphite (FCSMF) a complété la première tranche de son placement privé sans intermédiaire, en émettant 4.650.000 unités à 0,10 $ par unité pour des recettes brutes. Chaque unité comprend une action ordinaire et un bon de souscription non transférable, chaque bon permettant l'achat d'une action supplémentaire à 0,20 $ dans un délai de 36 mois.
Les titres auront une période de blocage de quatre mois jusqu'au 29 juin 2025. L'entreprise prévoit d'utiliser les recettes pour maintenir ses opérations existantes et pour le fonds de roulement général, y compris le financement de sa nouvelle orientation stratégique dans la technologie des batteries et le développement de matériaux avancés.
De plus, Focus Graphite a annulé 2.950.000 options d'achat d'actions précédemment accordées à des directeurs, des dirigeants et des consultants. Ces options, émises le 26 février 2021, avaient un prix d'exercice de 1,20 $ par action et devaient initialement expirer en février 2026.
Focus Graphite (FCSMF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und 4.650.000 Einheiten zu einem Preis von 0,10 $ pro Einheit ausgegeben, was zu Bruttoeinnahmen führt. Jede Einheit besteht aus einer Stammaktie und einem nicht übertragbaren Warrant, wobei jeder Warrant den Kauf einer zusätzlichen Aktie zu 0,20 $ innerhalb von 36 Monaten ermöglicht.
Die Wertpapiere unterliegen einer viermonatigen Haltedauer bis zum 29. Juni 2025. Das Unternehmen plant, die Einnahmen zur Aufrechterhaltung der bestehenden Betriebe und für das allgemeine Betriebskapital zu verwenden, einschließlich der Finanzierung seiner neuen strategischen Ausrichtung in der Batterietechnologie und der Entwicklung fortschrittlicher Materialien.
Darüber hinaus hat Focus Graphite 2.950.000 Aktienoptionen, die zuvor an Direktoren, Führungskräfte und Berater vergeben wurden, storniert. Diese Optionen wurden am 26. Februar 2021 ausgegeben und hatten einen Ausübungspreis von 1,20 $ pro Aktie und sollten ursprünglich im Februar 2026 auslaufen.
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OTTAWA, ON / ACCESS Newswire / March 3, 2025 / Focus Graphite Inc. (TSX.V:FMS)(OTCQB:FCSMF)(FSE:FKC) ("Focus" or the "Company"), announced today the closing of the first tranche of the previously announced non-brokered private placement (the "Offering") on February 5, 2025, for gross proceeds of up to
The Common Shares, Warrants, Finders Warrants and Warrant Shares will have a hold period of four months and one day until June 29, 2025.
The net proceeds of this financing will be used to maintain the Company's existing operations and general working capital requirements that includes funding the new strategic direction to advance the battery technology and the development and application of advanced materials.
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.
In addition, Focus Graphite announced that, effective February 24, 2025, it cancelled options to purchase 2,950,000 Common Shares (Shares) of the Company at an exercise price of
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 in the 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. Located in North America we are proud to contribute and help secure sustainable critical minerals supply chain that reduces dependency on foreign controlled supply.
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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