Focus Closes $1.25 Million Private Placement
14 Abril 2014 - 7:30AM
Marketwired
Focus Closes $1.25 Million Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) -
Focus Ventures Ltd. (TSX-VENTURE:FCV) is pleased to advise that it
has closed its previously announced non-brokered private placement
by issuing 5.7 million units at $0.22 per unit, for gross proceeds
of $1,254,000. Each unit consists of one common share and one-half
of a warrant, each whole warrant entitling the holder to purchase
one additional common share of the Company at $0.265 for one year
from closing. The Company also issued 21,000 units and 179,741
warrants as finders' fees in connection with the financing. The
finders' fee warrants are also exercisable at $0.265 for one year
from closing. All of the shares and warrants have a resale
restriction until August 12, 2014.
The proceeds of the financing will be used for continued
exploration of the Company's Bayovar 12 phosphate project in Peru,
and for general working capital purposes.
About Focus Ventures
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
604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking
Statement
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of Focus Ventures Ltd. Actual
results may differ materially from those currently anticipated in
such statements.
Focus Ventures Ltd.Ralph Rushton(604) 630-5544(604)
682-1514info@focusventuresltd.comwww.focusventuresltd.com
Focus Ventures Ltd. (TSXV:FCV)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Focus Ventures Ltd. (TSXV:FCV)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Focus Ventures Ltd. (delisted) (TSX Venture Exchange): 0 recent articles
Más de Focus Ventures Ltd. Artículos de Noticias