ROUYN-NORANDA, QC, April 4, 2024 /CNW/ – Fokus Mining Corporation (“Fokus” or the “Company“) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce that it has held the closing of a small non-brokered private placement by issuing 3,000,000 units (the “Units“) at a price of $0.05 to five investors, for aggregate gross proceeds to Fokus of $150,000. Each Unit consists of one common share of Fokus and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Fokus at a price of $0.06 for a period of three years from the closing date. Proceeds will be allocated to general working capital purposes.
In connection with the private placement, the Company did not pay any commission or finder’s fee and no insiders participated in the placement. Following the private placement, there are 125,309,460 common shares of Fokus issued and outstanding. Under applicable legislation, the securities issued…
