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

Focus Graphite Inc

Bullboard Posts

Post by Bywrongon Feb 28, 2018 1:51pm

120 Views

Post# 27637822

OSC getting some balls? TLT CEO gets spanked on ...

...Corporate Governance

Under the terms of the Agreement, Mr. DumoulinWhite will:

Immediately resign any position that he holds as a director or officer of an issuer (including the Company);

Not become or act as a director or officer of a reporting issuer or any related entity for a period of five years;

Not become or act as a director or officer of any non-reporting issuer (other than a related entity of a reporting issuer with respect to which the five year prohibition applies) for a period of three years;

Pay an administrative penalty in an amount equal to $250,000, less the costs of the Consultant (not to exceed $150,000) paid by him;

For a period of five years, (i) not engage in specified disclosure activities; (ii) not engage, directly or indirectly, in any significant investor relations activities; and (iii) ensure that any of his activities for the raising of financing by, or the solicitation of investments in, the Company be supervised by its Chief Executive Officer or a member of the Disclosure Committee;

Before engaging in any activities described immediately above, engage in a full day of one-on-one training with the Consultant regarding disclosure issues;
Before becoming a director or officer of an issuer, complete an education program, satisfactory to OSC Staff, relating to the obligations of directors and officers;
- Not dispose of any of his securities of the Company until the day following the date the first management’s discussion and analysis is required to be filed by the Company following the completion of 12 months of the Consultant’s engagement; and
- Surrender for cancellation his Future Service Options.
Wonder what the OSC has to say about publicly traded Co's taking shareholder $$$, loaning it to a private Co, then writing the $$$ off?

You can ask them here

https://www.osc.gov.on.ca/en/contactus_index.htm

Sadly, real world money get's lost....not "mock coin"
From a NR back in 2015

Today's decision is a reflection of the strong commitment of the members of our Board and leadership team towards our strategy and its execution. Focus Graphite is devoting all resources to achieve its objective to put Lac Knife into production, and then to bring to market value-added products for the Lithium-ion battery sector and we cannot accept to let any distraction interfere with this engagement towards our shareholders," said Focus Graphite Chairman Jeffrey York.

How is that working out....when $$ goes to GRafoid....not towards Lac Knife?

Corporate Governance anyone?

JMHO