Focus Graphite Announces Update on Private Placement

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OTTAWA, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Focus Graphite Inc. (TSX-V:FMS) (OTCQX:FCSMF) (FSE:FKC) (“Focus” or the “Company”) is pleased to provide an update following the first closing of its current flow-through offering (the “Offering”) for gross proceeds of $1,290,000 (see the Company’s press release dated November 7, 2017 for more details on the Offering). The Company expects to proceed with the closing of the second tranche shortly and has elected to increase the Offering for an additional 25 million flow-through shares at a price of $0.08 per share ($2 million). The Offering is subject to regulatory approval.

About Focus Graphite 

Focus Graphite Inc. is an advanced exploration and mining company with an objective of producing graphite concentrate at its wholly-owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Québec stakeholder interests of transformation within the province and to add shareholder value. Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite mining development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1-613-241-4040
geconomo@focusgraphite.com
www.focusgraphite.com