FOKUS MINING CORPORATION ANNOUNCES CLOSING OF SMALL PRIVATE PLACEMENT
TSX.V: FKM OTCQB: FKMCF
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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 in the private placement are subject to a four-month hold period, expiring on
The private placement remains subject to final approval by the
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Certain statements contained in this press release may constitute forward-looking information or statements. Forward-looking information is often, but not always, identified using words such as "anticipate", "plan", "estimate", "expect", "may", "will", "will have", "should", and other similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes in the Company's strategic growth plans and other factors, many of which are beyond the Company's control. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and, accordingly, such forward-looking information should not be relied upon as such. All forward-looking information contained in this press release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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