Focus Graphite Closes First Tranche of Non-Brokered Private Placement
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $400,000. The company issued 5,333,336 units at $0.075 per unit, with each unit comprising one common share and one non-transferable common share purchase warrant. Each warrant allows the holder to acquire one common share at $0.10 for 36 months from the issue date.
The company paid a finder's fee of $14,000 and issued 186,667 finders warrants. All securities have a hold period until February 9, 2025. The net proceeds will be used for maintaining existing operations and general working capital requirements.
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) ha chiuso la prima tranche del suo collocamento privato non intermedia, raccogliendo entrate lorde di $400,000. L'azienda ha emesso 5.333.336 unità a $0,075 per unità, con ogni unità composta da una azione comune e un warrant di acquisto di azioni comuni non trasferibile. Ogni warrant consente al titolare di acquisire un'azione comune a $0,10 per 36 mesi dalla data di emissione.
L'azienda ha pagato una commissione di ricerca di $14.000 e ha emesso 186.667 warrant per ricercatori. Tutti i titoli hanno un periodo di blocco fino al 9 febbraio 2025. I proventi netti saranno utilizzati per mantenere le operazioni esistenti e soddisfare i requisiti di capitale circolante generale.
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) ha cerrado la primera tranche de su colocación privada no intermediada previamente anunciada, recaudando ingresos brutos de $400,000. La empresa emitió 5,333,336 unidades a $0.075 por unidad, con cada unidad compuesta por una acción común y un warrant de compra de acciones comunes no transferible. Cada warrant permite al titular adquirir una acción común a $0.10 durante 36 meses a partir de la fecha de emisión.
La empresa pagó una comisión de $14,000 y emitió 186,667 warrants para buscadores. Todos los valores tienen un período de retención hasta el 9 de febrero de 2025. Los ingresos netos se utilizarán para mantener las operaciones existentes y cubrir los requisitos generales de capital de trabajo.
포커스 그래파이트(주) (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC)는 첫 번째 분할을 완료하고, 이전에 발표된 비중개 사모 배정을 통해 총 수익 $400,000을 모집하였습니다. 이 회사는 5,333,336 단위를 각 단위당 $0.075의 가격으로 발행하였으며, 각 단위는 하나의 보통주와 하나의 양도 가능한 보통주 구매를 위한 워런트로 구성되어 있습니다. 각 워런트는 발행일로부터 36개월 동안 $0.10에 하나의 보통주를 취득할 수 있게 합니다.
회사는 $14,000의 중개 수수료을 지급하였고 186,667개의 중개인을 위한 워런트를 발행하였습니다. 모든 증권은 2025년 2월 9일까지의 보유 기간이 있습니다. 순수익은 기존 운영의 유지와 일반 운영 자본 요건에 사용됩니다.
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) a clos la première tranche de son placement privé non intermédié précédemment annoncé, levant un produit brut de $400,000. L'entreprise a émis 5,333,336 unités à $0.075 par unité, chaque unité comprenant une action ordinaire et un bon de souscription d'actions ordinaires non transférable. Chaque bon permet à son titulaire d'acquérir une action ordinaire à $0.10 pendant 36 mois à compter de la date d'émission.
L'entreprise a payé une commission de recherche de $14,000 et a émis 186,667 bons de recherche. Tous les titres ont une période de blocage jusqu'au 9 février 2025. Les produits nets seront utilisés pour maintenir les opérations existantes et répondre aux besoins en fonds de roulement général.
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) hat die erste Tranche seiner zuvor angekündigten nicht vermittelten Privatplatzierung abgeschlossen und brutto Einnahmen von $400,000 erzielt. Das Unternehmen gab 5,333,336 Einheiten zu einem Preis von $0,075 pro Einheit aus, wobei jede Einheit aus einer Stammaktie und einem nicht übertragbaren Kaufwarrant für Stammaktien besteht. Jeder Warrant erlaubt dem Inhaber, innerhalb von 36 Monaten ab Ausgabedatum eine Stammaktie zu einem Preis von $0,10 zu erwerben.
Das Unternehmen zahlte eine Findergebühr von $14,000 und gab 186,667 Finder-Warrants aus. Alle Werte unterliegen einer Haltedauer bis zum 9. Februar 2025. Die Nettomittel werden verwendet, um die bestehenden Betriebskosten und allgemeinen Arbeitskapitalbedürfnisse aufrechtzuerhalten.
- Raised $400,000 in gross proceeds through private placement
- Each warrant allows purchase of additional shares at $0.10 for 36 months
- Dilution of existing shareholders due to issuance of new shares
- Additional $14,000 paid in finder's fees
OTTAWA, ON / ACCESSWIRE / October 11, 2024 / Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) (the "Company") announced today the closing of the first tranche of the previously announced non-brokered private placement (the "Offering") for gross proceeds of
The Company paid a finder's fee of
The Common Shares, Warrants, Finders Warrants and Warrant Shares will have a hold period of four months and one day until February 9, 2025.
The net proceeds of this financing will be used to maintain the Company's existing operations and general working capital requirements.
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
Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value. Focus is evaluating the feasibility of producing value added 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.
Focus Graphite Investor Contact:
Focus Graphite Inc.
Judith Mazvihwa-MacLean
CFO
(613) 581-4040
jmazvihwa@focusgraphite.com
Forward-Looking Statement
This News Release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business and operations and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
SOURCE: Focus Graphite, Inc.
View the original press release on accesswire.com
FAQ
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What is the exercise price and duration of the warrants issued by Focus Graphite (FCSMF)?
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