Focus Venture (FCV-V) Increases Proposed PP to Cdn$4.0 Million
May 8, '15 - NR
Focus Ventures announces that in response to demand, and to provide additional working capital to fund planned development activities at its Bayovar 12 phosphate project in Peru, the Company has increased the size of its proposed non-brokered private placement financing, previously announced on April 9, 2015, to a maximum of 20.0 million units at CAD$0.20 per unit, for proceeds of up to CAD$4.0 million. The financing remains subject to TSX Venture Exchange approval.
About Focus
Focus is an exploration and development company with two main assets, both located in Peru: the Bayovar 12 phosphate deposit located in the Sechura district of northern Peru, and the Aurora porphyry copper-molybdenum property located in the Department of Cusco, which Focus is developing in a joint venture with Daewoo International Corporation.
Phosphate rock is a raw material for fertilizers and vital to world food production. Focus is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-630-5544 or visit our web site: www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Symbol: TSXV-FCV
Shares Issued: 77.9-million
Focus Ventures Ltd.
Ralph Rushton
(604) 630-5544
(604) 682-1514
info@focusventuresltd.com
www.focusventuresltd.com |
