Focus Metals Inc. Announces $15 Million Bought Deal Private Placement

Focus Metals Inc. (TSXV:FMS) announced it has agreed to a bought deal private placement to raise $15 million.

The press release is quoted as saying:

The net proceeds of the offering will be used for drilling, completion of the NI 43-101 compliant resource estimate and scoping study and procurement of long lead items at the Lac Knife Graphite Project, potential acquisitions, working capital and general corporate purposes.

To read the full press release, click here.