VANCOUVER, Nov. 9 /CNW/ - Focus Ventures Ltd. (TSX-V: FCV.V) announces that it has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,535,000 common shares exercisable for 10 years at a price of $0.90 per share. These options are subject to the closing of the Company's recently announced private placement.
About Focus Ventures
Focus Ventures is acquiring advanced, drill-ready projects in Peru. Led by an experienced technical team of geologists and consultants, Focus's strategy is to identify and acquire former producing mines or un-tested gold properties that show potential to become new mines. The Nueva California Property, Focus's first acquisition, lies 35km north of Barrick Gold's Pierina Mine, near the town of Huaraz and is currently a privately owned, operating gold silver mine. Focus is the first company to drill test the project area, with encouraging results from the 400 meter, first-pass drill campaign, and a second phase of drilling now in the planning and permitting stages.
The Company was recently listed on the TSX Venture Exchange, and currently has 19.3 million shares issued.
ON BEHALF OF THE BOARD
David Cass, President
Contact: Erin Ostrom / Ralph Rushton
Shares Issued: 19.3-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Focus Ventures Ltd.
For further information: For further information: on Focus Ventures Ltd., please call (604) 688-5288 or visit our web site www.focusventuresltd.com