THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or
the "Company) is pleased to announce the closing of its transaction with Mincom
Capital Inc. ("Mincom"), a Capital Pool Company ("CPC") trading on the TSX
Venture Exchange (the "Exchange") for the sale of Focus' Romer Property located
in the Labrador Trough territory of Quebec (the "Property") (See news release of
the Company dated September 27, 2013 for more details on the Property and the
transaction).


Transaction

Under the terms of the property acquisition agreement, Mincom has acquired all
of Focus' rights, title and interest in a series of 149 contiguous and 2
isolated map-designated mining claims located in the Labrador Trough Territory
of Quebec, and collectively referred to as the Romer property, for the following
consideration:




a.  Cash payment of $250,000 to Focus; and 
b.  The issuance of 2,500,000 Mincom common shares to Focus at a deemed
    price of $0.30 per share for a total of $750,000.



All securities issued in connection with the transaction are subject to a
regulatory four (4) month hold period ending on September 9, 2014. In accordance
with Exchange policies, all of the shares issued to the Company will be subject
to escrow over a period of 36 months. The sale of the Property is subject to
final approval of the Exchange.


Immediately following the foregoing transaction, the Company will directly and
indirectly own 2,500,000 common shares of Mincom representing approximately
14.38% of the issued and outstanding common shares of Mincom.


The Company received the common shares as a portion of the consideration owed to
it by Mincom under the terms of the property acquisition agreement for the
acquisition by Mincom of the Property. In accordance with applicable securities
laws, the Company may, from time to time and at any time, acquire additional
common shares of Mincom and/or other equity, debt or other securities or
instruments (collectively, "Securities") of Mincom in the open market or
otherwise, reserves the right to dispose of any or all of its Securities in the
open market or otherwise at any time and from time to time, and to engage in
similar transactions with respect to the Securities, the whole depending on
market conditions, the business and prospects of Mincom and other relevant
factors.


About Focus Graphite Inc.

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a
technology solutions supplier and a business innovator. Focus is the owner of
the Lac Knife graphite deposit located in the Cote-Nord region of northeastern
Quebec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated
Mineral Resource Estimate(i) of 9.6 million tons grading 14.77% graphitic carbon
(Cg) as crystalline graphite with an additional Inferred Mineral Resource
Estimate(i) of 3.1 million tons grading 13.25% Cg of crystalline graphite.
Focus' goal is to assume an industry leadership position by becoming a low-cost
producer of technology-grade graphite. On November 7, 2013 the Company released
the results of an updated Preliminary Economic Assessment ("PEA") of the Lac
Knife Project which indicated that the project has very good potential to become
a graphite producer. As a technology-oriented enterprise with a view to building
long-term, sustainable shareholder value, Focus also invests in the development
of graphene applications and patents through Grafoid Inc.


Forward Looking Information

This news release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. Such forward-looking information
includes information with respect to our goals, beliefs, plans, expectations,
anticipations, estimates and intentions. Forward-looking information is
identified by the use of terms and phrases such as "may," "would," "should,"
"could," "expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe," and "continue," or the negative of these terms and similar
terminology, including references to assumptions. Please note, however, that not
all forward-looking information contains these terms and phrases.
Forward-looking information is based upon a number of assumptions and is subject
to a number of risks and uncertainties, many of which are beyond our control.
These risks and uncertainties could cause actual results to differ materially
from those that are disclosed in or implied by such forward-looking information.
Important factors that could cause actual results to differ materially from the
Corporation's expectations are in our documents filed from time to time with the
TSX Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. Consequently, all of the forward-looking information
contained herein is qualified by the foregoing cautionary statements, and there
can be no guarantee that the results or developments that we anticipate will be
realized or, even if substantially realized, that they will have the expected
consequences or effects on our business, financial condition or results of
operation. Unless otherwise noted or the context otherwise indicates, the
forward-looking information contained herein is provided as of the date hereof,
and we do not undertake to update or amend such forward-looking information
whether as a result of new information, future events or otherwise, except as
may be required by applicable law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mr. Gary Economo
Chief Executive Officer
Focus Graphite Inc.
613-447-8521
geconomo@focusgraphite.com

Focus Graphite (TSXV:FMS)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024 Click aqui para mais gráficos Focus Graphite.
Focus Graphite (TSXV:FMS)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024 Click aqui para mais gráficos Focus Graphite.