Shares vs. Units Focus expects to hold additional closings of the private placement until August 21, 2017, subject to an aggregate maximum of $6.5 million (86,666,666 units), pending the approval of the TSX Venture Exchange.
OTTAWA, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Focus Graphite Inc. (
FMS.V) (
FCSMF) (
FKC.F) (“Focus” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 33,333,333 units at a price of $0.075 per unit, for gross proceeds to Focus of up to $2,500,000 (the “Offering”).
Add 120,000,000 to the 220,000,000 (unsure if just shares or FD shares)
BY MY MATH, THATS 340,000,000 FD SHARES +
By the way , Northern has 59,000,000 shares out...after 12 years....FMS doubled that in just a month or so of issuing cheap paper