VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Focus Ventures Ltd. (TSXV:FCV) announces that it
will voluntarily file a Form 15F with the United States Securities and Exchange Commission (the “SEC”) to terminate the
registration of its common shares under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and
its reporting obligations under Section 13(a) of the Exchange Act.
Management of the Company is of the view that the costs associated with continuing the registration and
reporting under the Exchange Act outweigh the benefits received by the Company from maintaining its registration.
The termination will become effective 90 days after the date of filing of the Form 15F with the SEC, or within
such shorter period as the SEC may determine. Upon filing of the Form 15F, the Company’s reporting obligations under the
Exchange Act will be immediately suspended.
The Company’s shares will continue to trade on the TSX Venture Exchange, and the Company will continue to meet
its Canadian continuous disclosure obligations through filings with the applicable Canadian securities regulators. All of the
Company’s filings can be found at the SEDAR website at www.sedar.com.
About Focus
Focus is developing the Bayovar 12 phosphate deposit located 40 km from the coast in the Sechura District of
northern Peru. Bayovar 12 hosts a large resource of highly-reactive sedimentary phosphate rock - a key raw material input for
phosphate fertilizers and vital to world food production. Reactive phosphate rock from Sechura is a natural, slow-release
source of phosphorus that can be applied directly to crops. One of Focus’s objectives is to supply direct application
phosphate rock to the agricultural regions of Central and South America and Southeast Asia.
For further information, please visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
Simon Ridgway, Chief Executive Officer
Symbol: TSXV-FCV
Shares Issued: 234.4-million
For further information, contact:
Gordon Tainton, President
Tel: 604-248-8380; Fax: 604-682-1514
Email: info@focusventuresltd.com
Website: www.focusventuresltd.com
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 Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning
of Canadian securities legislation. All statements included herein, other than statements of historical fact, are
forward-looking statements which include, without limitation, statements about the intended filing of an SEC Form 15F and
termination of the Company’s reporting obligations and registration under the Exchange Act; the Company’s continued listing
on the TSXV and continued compliance with Canadian continuous disclosure obligations; the Company’s business strategy, plans and
outlook, including the Company’s development of the Bayovar deposit and objective to supply direct application phosphate
rock to agricultural regions of Central and South America and Southeast Asia; the merit of the Company’s investments and
properties; timelines; the future financial performance of the Company; expenditures; approvals and other matters. Often, but
not always, these forward looking statements can be identified by the use of words such as “will”, “become”, “continue”,
“objective”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any results, performance or
achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the
intended filing of an SEC Form 15F and expected termination of the Company’s reporting obligations and registration under the
Exchange Act; changes in general economic conditions and financial markets; the Company or any joint venture partner not
having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and
development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated
costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with
securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions
of management, including but not limited to: that the Company will file a Form 15F and that its SEC reporting obligations and
Exchange Act registration will be terminated as expected; that the Company’s activities will be in accordance with its public
statements and stated goals; that all required approvals will be obtained; that there will be no material adverse change affecting
the Company or its investments or properties; and such other assumptions as set out herein. Forward-looking statements are
made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result
of new information, future events or results or otherwise, except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking
statements.
