Focus Graphite Inc. announced a non-brokered private placement of 1,580,000 flow-through common shares at a price of CAD 0.19 per flow-through common share for gross proceeds of CAD 300,200; and 294,118 units at a price of CAD 0.17 per unit for gross proceeds of CAD 50,000.06; for aggregate gross proceeds of CAD 350,200 on December 21, 2023. 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 0.22 per common share until December 21, 2026. The transaction included participation from accredited investors. The securities issued in connection with the closing of the offering are subject to a four-month hold period expiring on April 22, 2023. The company paid a cash finder?s fee totaling CAD 21,012 and issued 112,447 warrants. Each finder warrant entitles the finder to purchase one common share at a price of CAD 0.22 per common share until December 21, 2026. The offering is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 3 placees.