Focus Accelerates Warrant Expiry
May 21 2014 - 8:30AM
Marketwired Canada
Focus Ventures Ltd. (TSX VENTURE:FCV) announces the acceleration of the expiry
date of warrants (the "Warrants") previously issued by the Company in connection
with its private placement financing completed on November 28, 2013.
Effective as of the market close on May 20, 2014, the closing price of the
Company's common shares on the TSX Venture Exchange has been greater than $0.25
for at least 10 consecutive trading days. In accordance with the terms thereof,
12,670,800 Warrants exercisable at $0.20 per share and 284,579 Warrants
exercisable at $0.16 per share will now expire on June 23, 2014, being 30 days
after two trading days following the date of this release and the concurrent
notification of the acceleration sent by the Company to the Warrant holders.
About Focus Ventures
Phosphate rock is a raw material for fertilizers and vital to world food
production. Focus is acquiring and developing quality phosphate projects in
Latin America where the discovery and development of new deposits is becoming
increasingly important given the growing demand and limited local supply of
phosphate for fertilizer production. For further information, please call
604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statement
Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Focus
Ventures Ltd. Actual results may differ materially from those currently
anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Focus Ventures Ltd.
Ralph Rushton
(604) 630-5544
(604) 682-1514 (FAX)
info@focusventuresltd.com
www.focusventuresltd.com
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