VANCOUVER, Jan. 9, 2012 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV)
announces that it has amended, subject to stock exchange approval,
certain of the terms of its previously announced non-brokered private
placement financing. The financing will now consist of up to 7 million
units at $0.15 per unit, for proceeds of up to $1.05 million. Each unit
will consist of one common share and one warrant, each warrant
entitling the holder to purchase one additional common share of the
Company at $0.20 for two years from closing.
A finder's fee may be paid on a portion of the placement. The finder's
fee will consist of 6% cash or units and 6% warrants, each such warrant
entitling the finder to purchase one common share of the Company at a
price of $0.20 for two years.
The proceeds of the financing will be used for exploration of the
Company's mineral projects in Peru and Mexico and for general working
About Focus Ventures
Focus Ventures is dedicated to the discovery and definition of quality
mineral resources in Peru and Mexico and is developing a diversified
portfolio of quality projects that show potential to become new mines.
For further information, please call 604-688-5288 or visit our web site
ON BEHALF OF THE BOARD
David Cass, President
Shares Issued: 29.3-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
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 statement.
SOURCE Focus Ventures Ltd.
For further information:
Contact: Jaclyn Ruptash / Ralph Rushton
Tel: (604) 688-5288; Fax: (604) 682-1514