FOCUS GRAPHITE INC. ("FMS")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: January 21, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement as announced on news releases dated November 13, 2020 and December 18, 2020:
Number of Securities: 4,285,715 non-flow-through common shares
20,000,000 flow-through common shares
Purchase Price: $0.035 per non-flow-through common share
$0.05 per flow-through common share
Warrants: 24,285,715 common share purchase warrants to purchase 24,285,715 shares
Warrants' Exercise Price: 10,000,000 warrants exercisable at a price of $0.055 per share for 24 months following the closing of the private placement and 4,285,715 warrants exercisable at a price of $0.055 per share for a period of 48 months following the closing of the private placement
Number of Placees: 13 Placees
Insider / ProGroup Participation:
Name
Insider = Y / ProGroup = P
# of shares
Jeffrey York
Y
4,000,000
Lindsay Weatherdon
Y
1,000,000
Finder's Fee: Two finders received a cash commission totaling $55,000 and 1,228,571 non-transferable purchase warrants to purchase 1,228,571 common shares at a price of $0.055 per share for a period of 24 months from the closing of the private placement.
The Company has confirmed the closing of the Private Placement in news releases dated December 30, 2020.
________________________________________
|
|
