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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Bullboard Posts
Post by youknowwhaton Jun 24, 2017 10:30pm
181 Views
Post# 26401968

Read the CEO's comments in this release

Read the CEO's comments in this releaseFOR IMMEDIATE RELEASE Third Quarter Results and Corporate Restructuring Update Ottawa, Ontario (November 29, 2001) - Dynasty Components Inc. (DCI:TSE) today announced its results for the third quarter ended September 30, 2001. The financial position and results of operations presented in the report distinguish between DCI's continuing operations and those that are being divested or discontinued. Revenues of $1.5 million for the third quarter and $2.3 million for the period from May 11, 2001 to September 30, 2001 represent the continuing logistics business carried on through our subsidiary, Parts Logistics Management Corp. Since DCI did not own this business in fiscal 2000, there are no comparative fiscal 2000 figures for our continuing operations. The assets and results of operations of the representative division (DCIdynasty), the distribution division (DCInextech) and the other business units of DCIenable are reported in the notes to the consolidated financial statements as discontinued operations. Corporate Restructuring DCI's third quarter report marks a new era for the Company. DCI has transformed the Company to one that is focused entirely on the logistics outsourcing market. Management feels that this change is supported by our current customer base and the significant business opportunities seen in the service provider and original equipment manufacturers ("OEM") marketplaces. In order to accomplish DCI's corporate re-structuring, the Company intends to file for court protection to enable DCI to plan a reorganization under the provisions of the Companies' Creditors Arrangement Act ("CCAA"). "We want to reassure our customers, suppliers and employees that this is not a liquidation but a corporate restructuring." comments DCI President & CEO, Gary Economo. " We intend to focus on our core expertise in logistics outsourcing and to divest of our non-strategic business assets. The Company requires the protection afforded by the CCAA to complete an orderly reorganization. The recent and sudden downturn in the telecom and high technology industries has caused the Company to seek protection." About DCI Dynasty Components Inc., headquartered in Kanata, Ontario, is a leader in connecting suppliers with customers. DCI has been developing enduring value added relationships between customers and suppliers in the IT industry since 1985. Recently DCI has embarked on a bold new business strategy focused entirely on the provision of specialized procurement and logistics management services to the Information Technology (IT) industry across North America. DCIs growth going forward will be driven by its leading-edge Interactive Parts Ordering System (IPOS) technology, a proprietary internet-based logistics management solution. DCI trades on The Toronto Stock Exchange under the symbol DCI. For more information visit our web site at www.dcicorporate.com. For Additional Information contact: J. Marc Brl Vice-President and CFO Dynasty Components Inc. (613) 599-
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