| Focus Closes $1.25 Million Private Placement | |
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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.
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Focus Ventures Ltd
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PRODUCTEUR |
CODE : FCV.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Focus Ventures est une société d’exploration minière basée au Canada. Focus Ventures est productrice d'argent et d'or au Perou, en développement de projets d'argent et d'or au Perou. Son principal projet en production est NUEVA CALIFORNIA au Perou, son principal projet en développement est CHÚCARA au Perou et son principal projet en exploration est MINAS CHANCA au Perou. Focus Ventures est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,6 millions CA$ (3,6 millions US$, 3,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 janvier 2010 à 1,38 CA$, et son plus bas niveau récent le 20 avril 2018 à 0,02 CA$. Focus Ventures possède 231 740 000 actions en circulation. |