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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (12845)	6/4/2015 8:43:42 AM
From: Goose94	Read Replies (1) \| Respond to of 202705

Focus Ventures (FCV-V) June 4th 2015 is pleased to announce that it has completed its non-brokered private placement financing of 20.0 million units at CAD$0.20 per unit, for gross proceeds of CAD$4.0 million. Each unit consists of one common share and one full warrant, each full warrant entitling the holder to purchase one additional common share of the Company at CAD$0.265 for two years from closing. If the closing price of the Company's shares exceeds CAD$0.40 for a period of 10 consecutive trading days, the Company may accelerate the expiry of the warrants by giving notice in writing to the holders, and in such case, the warrants will expire on the 30th day after the date on which such notice is given. The common shares and warrants issued in the placement are subject to a resale restriction until October 4, 2015. Cash finder's fees totaling CAD$126,602 have been paid on a portion of the placement. The proceeds of the placement will be used to make a US$1.5 million prepayment on the Company's loan from Sprott Resource Lending Partnership, for exploration and development of the Bayovar 12 phosphate project in Peru, and for general working capital purposes. 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 it 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 Focus Ventures Ltd. Ralph Rushton (604) 630-5544 (604) 682-1514 info@focusventuresltd.com www.focusventuresltd.com