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

To: Goose94 who wrote (13149)	11/13/2015 9:01:52 AM
From: Goose94	Read Replies (1) \| Respond to of 202704

Focus Ventures (FCV-V) Friday Nov 13th, '15 is pleased to advise that its previously announced non-brokered private placement financing was oversubscribed and the Company has now closed the financing with the issuance of 18,672,000 units at $0.125 per unit, for gross proceeds of $2,334,000. Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company for five years from closing at $0.15 per share in the first three years, and at $0.20 per share in the fourth and fifth years. The common shares and warrants issued in the placement are subject to a resale restriction until March 13, 2016. Cash finder's fees totaling $13,563 have been paid on a portion of the placement. The proceeds of the placement will be used to fund the ongoing exploration and development activities at the Company's Bayovar 12 phosphate project in Peru, and for general working capital purposes. The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. About Focus Focus is developing the Bayovar 12 phosphate deposit located in the Sechura district of northern Peru. 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: 116.6-million Focus Ventures Ltd. Ralph Rushton (604) 682-1514 (604) 630-5544 info@focusventuresltd.com www.focusventuresltd.com