Focus Graphite Inc. Announces Stock Option Grants
Focus Graphite Inc. (TSXV:FMS) has granted incentive stock options for up to 38,550,000 Common Shares at an exercise price of $0.05 per share, expiring on November 2, 2026. This decision is part of the company’s strategy to compensate its directors, officers, employees, and consultants. Focus Graphite is engaged in the exploration and development of flake graphite concentrate at its Lac Knife and Lac Tététpisca projects in Quebec, while also evaluating the feasibility of specialty graphite products, including battery-grade spherical graphite.
- Granting of 38,550,000 stock options may enhance employee retention and motivation.
- Focus Graphite aims to produce value-added specialty graphite products and expand its market presence.
- The exercise price of $0.05 may indicate perceived low current valuation.
- There are inherent risks related to forward-looking information as stated in the PR.
KINGSTON, ON / ACCESSWIRE / November 2, 2021 / Focus Graphite Inc. (TSXV:FMS) ("Focus Graphite" or the "Company") announced today the grant of incentive stock options as compensation to its directors, officers, employees, and consultants.
Options to purchase up to 38,550,000 Common Shares ("Shares") of the Company have been granted at an exercise price of
About Focus Graphite Inc.
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.
Contact:
Kimberly Darlington,
Communications, Focus Graphite
kdarlington@focusgraphite.com
Judith Mazvihwa-Maclean
CFO, Focus Graphite
jmazvihwa@focusgraphite.com
(613) 581-4040
Neither the 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.
Forward-Looking Information
This news release may contain certain forward-looking information and statements. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Focus Graphite's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE: Focus Graphite, Inc.
View source version on accesswire.com:
https://www.accesswire.com/670865/Focus-Graphite-Inc-Announces-Stock-Option-Grants
FAQ
What stock options did Focus Graphite Inc. grant on November 2, 2021?
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