Focus Graphite Inc. announced a non-brokered private placement to issue 2,352,950 flow-through common shares at an issue price of CAD 0.17 per share for the gross proceeds of CAD 400,001.5 and 312,500 units at an issue price of CAD 0.16 per unit for the gross proceeds of CAD 50,000; aggregate gross proceeds of CAD 450,001.50 on May 7, 2024. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant entitles its holder to purchase one common share at a price of CAD 0.20 per common share until May 6, 2027.

The securities issued in connection with the closing of the Offering are subject to a four-month hold period expiring on September 7, 2024. In connection with the closing of the Offering, the Company paid a cash finder?s fee totaling CAD 27,000.09 and issued 159,927 warrants. Each Finder Warrant entitles the finder to purchase one (1) common share at a price of $0.20 per common share until May 6, 2027.

The Offering is subject to the final approval of the TSX Venture Exchange