FMS Focus Graphite Inc

Focus Graphite Inc. ("Focus", "the Company" or "the Corporation") (TSX
VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce that at the
annual and special meeting of shareholders held on May 10, 2013, shareholders of
the Corporation voted to approve an advance notice by-law (the "Advance Notice
By-Law"). The Advance Notice By-Law includes a provision that requires advance
notice to the Corporation in circumstances where nominations of persons for
election to the Board are made by shareholders of the Corporation other than
pursuant to (i) a requisition to call a shareholders meeting made pursuant to
the provisions of the Canada Business Corporations Act (the "CBCA"), or (ii) a
shareholder proposal made pursuant to the provisions of the CBCA.


Among other things, the Advance Notice By-Law fixes a deadline by which holders
of record of common shares of the Corporation must submit director nominations
to the Corporation prior to any annual or special meeting of shareholders and
sets forth the minimum information that a shareholder must include in the notice
to the Corporation for the notice to be in proper written form.


In the case of an annual meeting of shareholders, notice to the Corporation must
be made not less than 30 nor more than 65 days prior to the date of the annual
meeting; provided, however, that in the event that the annual meeting is to be
held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Corporation must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The Advance Notice By-Law provides a clear process for shareholders to follow to
nominate directors and sets out a reasonable time frame for nominee submissions
along with a requirement for accompanying information. The purpose of the
Advance Notice By-Law is to treat all shareholders fairly by ensuring that all
shareholders, including those participating in a meeting by proxy rather than in
person, receive adequate notice of the nominations to be considered at a meeting
and can thereby exercise their voting rights in an informed manner. In addition,
the Advance Notice By-Law should assist in facilitating an orderly and efficient
meeting process.


A copy of the Advance Notice By-Law can be found at www.sedar.com. 

Other News

Focus has entered into an agreement for the acquisition of a 100% interest in a
group of 32 contiguous mining claims located in the James Bay Territory area of
Northern Quebec and known as the Eastmain-Leran property (the "Property").


The Property covering an area of 1,679 ha, is located 25 km north-east of the
Otish Mountains, directly north of the Eastmain River in James Bay Territory
(NTS map sheet 23D12). The Property is 10 km east of the Otish Mountains access
road (HWY 167) which link Chibougamau and Mistissini to Stornoway Diamond
Corp.'s Renard diamond project.


The Property is part of a volcano-sedimentary greenstone belt traceable over a
distance of 60 km and having a width of about 6 to 10 km. The mafic, ultramafic
and felsic volcanic rocks are intercalated with arkose, greywacke and quartzite.
The Property hosts the Alta-Eastmain copper showing and has the potential to
host volcanogenic polymetallic and precious metal mineralization.


In consideration for the purchase of the 100% interest in the Property, the
Company paid the vendor a total of CDN $50,000 cash and, subject to TSX Venture
Exchange approval, will issue the vendor 689,655 common shares in the capital of
the Company and granted a 2% net smelter return royalty on the Property (the
"Royalty"). The Company shall have the right, at any time and at its sole
discretion, to purchase the Royalty (2%) by paying $500,000. The common shares
to be issued by the Company in connection with this acquisition will be subject
to a four month hold period from their date of issuance. The transaction remains
subject to regulatory approval.


The technical information presented in this press release has been reviewed and
approved by Benoit Lafrance, Ph.D., Geo (Quebec), Focus Vice-President of
Exploration and a Qualified Person under National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101").


About Focus Graphite

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 Indicated Mineral
Resource Estimate(i) of 4.9 million tons grading 15.8% graphitic carbon (Cgr) as
crystalline graphite with an additional Inferred Mineral Resource Estimate(i) of
3.0 million tons grading 15.6% Cgr of crystalline graphite. Focus' goal is to
assume an industry leadership position by becoming a low-cost producer of
technology-grade graphite. On October 29th, 2012 the Company released the
results of a Preliminary Economic Assessment ("PEA") of the Lac Knife Project
which indicated that the project has a very positive 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.


(i) Mineral resources are not mineral reserves and do not have demonstrated
economic viability. 


Forward-Looking Statements

The statements used in this press release may contain forward-looking
statements, and are based on the opinions and estimates of management, or on
opinions and estimates provided to, and accepted by, management. These opinions
and estimates are used by management, and speak only as of the date of this
press release. Forward-looking statements in this press release include, but are
not limited to, the closing of the Qualifying Transaction and the anticipated
benefits from the Qualifying Transaction. Forward-looking statements involve
significant known and unknown risks, uncertainties and assumptions, including
with respect to the closing of the Qualifying Transaction, the timing and
receipt of all applicable regulatory approvals and third party consents, the
anticipated benefits from the Qualifying Transaction and the satisfaction of
other conditions to the completion of the Qualifying Transaction.
Forward-looking statements are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ, possibly
significantly. Although Mincom believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual events or results will
be consistent with these forward-looking statements. Except as required by
applicable law, Mincom does not undertake, and specifically disclaims, any
obligation to update or revise any forward-looking information, whether as a
result of new information, future developments or otherwise. Readers are
therefore cautioned not to place undue reliance on any forward-looking
statements.


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: 
Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President & COO
(705) 789-9706
dbaxter@focusgraphite.com

Focus Graphite (TSXV:FMS)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Focus Graphite (TSXV:FMS)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024