Focus Graphite closes $3.89-million offering

Executive Summary

• Focus Graphite Inc. has closed a bought deal offering of 9,273,410 units, raising gross proceeds of approximately $3.9 million.
• The offering was led by Research Capital Corp. as the sole underwriter and included the partial exercise of an overallotment option.
• Net proceeds are designated for temporary working capital, technical/qualification materials for the Canadian government's Global Partnership Initiative, and general corporate purposes.

Key Details

• Gross Proceeds: $3,894,832.20
• Units Issued: 9,273,410 units
• Price Per Unit: $0.42 CAD
• Underwriter: Research Capital Corp. (Sole Underwriter and Sole Bookrunner)
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms (Investors):
  • Exercise Price: $0.60 per common share
  • Expiration Date: June 8, 2028
• Use of Proceeds: Temporary working capital float, payments required before reimbursement, technical and qualification materials associated with the Government of Canada's Global Partnership Initiative, and general corporate purposes.
• Regulatory Basis: Issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by CSA Coordinated Blanket Order 45-935. Securities are free trading with no resale restrictions.
• Underwriting Commission: Cash commission of $272,638.25 paid to the underwriter.
• Broker Warrants:
  • Quantity: 649,139 non-transferable broker warrants issued.
  • Composition: Each broker warrant entitles the holder to purchase one unit (one common share and one warrant).
  • Exercise Price: $0.60 per broker unit.
  • Expiration Date: June 8, 2028.
  • Hold Period: Four months and one day from the date of issue.
• Underwriting Agreement Date: December 8, 2025.