Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) announced the closing of an additional flow-through financing. The Company issued 1,000,000 flow-through common shares at a price of $0.10 per common share for aggregate proceeds of $100,000. In connection with the closing of the Offering, the Company didn’t pay any finder’s fee. The securities issued in connection with the Offering are subject to a four month hold period ending on May 1st, 2016. The proceeds of this Offering will be allocated to exploration work on the Company’s mineral properties in Québec.
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