Focus Graphite closes $2M final tranche of private placement

News Release

Focus Graphite Announces Second and Final Closing of a Non-Brokered Private Placement for $2,077,500

OTTAWA – October 5, 2017 — Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC) (“Focus”) is pleased to announce that it has received all the necessary regulatory approvals to complete the previously announced additional $2,077,500 subscription (see news release dated September 26, 2017 for more details). Therefore, as part of a second and final closing of its previously announced non-brokered private placement (the “Offering”), Focus has issued 27,700,000 units at a price of $0.075 per unit for gross proceeds of $2,077,500. Each unit consists of one common share in the capital of Focus and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share of Focus at an exercise price of $0.10 until October 4, 2021.

Under applicable securities legislation and the policies of the TSX Venture Exchange (the “Exchange”), the securities issued at the second closing of the private placement are subject to a four-month hold period, expiring on February 5, 2018. The Offering remains subject to the final approval of the Exchange.

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 Quebec 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 accuracy of this release.

Contact

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