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Metals & Mining Industrial Metals & Minerals

"Focus Ventures Ltd is a Canadian-listed exploration company. It is engaged in the acquisition and exploration of mineral properties located primarily in Peru. The company focuses on developing the Bayovar12 sedimentary phosphate project in northern Peru. Focus Ventures operates through two geographic segments namely Canada and Peru."

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FOCUS VENTURES LTD. > NEWS- Focus Completes $2.3 Million Private Placement

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Post by JMN on Nov 13, 2015 9:50am

NEWS- Focus Completes $2.3 Million Private Placement

Focus Completes $2.3 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2015) - Focus Ventures Ltd. (TSX VENTURE:FCV) is pleased to advise that its previously announced non-brokered private placement financing was oversubscribed and the Company has now closed the financing with the issuance of 18,672,000 units at $0.125 per unit, for gross proceeds of $2,334,000. Each unit consists of one common share and one warrant entitling the holder to purchase one additional common…Read More

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Comment by bulava on Nov 13, 2015 6:49pm

At least its over-subscribed, but not too surprising since its a great deal at 12.5c plus warrants. Should have been 16-20c, IMO. Enough cash to push through the PFS coming out in a few weeks time (hopefully) and maybe some initial DAPR product starting to move?

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