Focused on Gold in Peru

News

News Releases

 February 06, 2012
Focus Closes $1.0 Million Financing

 February 6, 2012; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV) is pleased to announce that it has closed its previously announced non-brokered private placement by issuing 7,037,000 units at $0.15 per unit, for gross proceeds of $1,055,550. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share for two years at $0.20. The Company also issued 8,940 common shares and 57,840 warrants as finders' fees in connection with the financing. The finders' fee warrants have the same terms as the unit warrants. All of the shares and warrants have a resale restriction until June 2, 2012.

The proceeds of the financing will be used for exploration of the Company's mineral projects in Peru and Mexico, and for general working capital purposes.

About Focus Ventures

Focus Ventures is acquiring advanced, drill-ready projects in Peru and Mexico. Backed by an experienced technical team of geologists and consultants, Focus's strategy is to identify and acquire former producing mines or untested gold and silver and base metal properties that show potential to become new mines. For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.

ON BEHALF OF THE BOARD

"David Cass"
David Cass, President


Symbol: TSXV-FCV
Shares Issued: 29.3-million


Contact: Jaclyn Ruptash / Ralph Rushton
Tel: (604) 688-5288; Fax: (604) 682-1514
Email: info@focusventuresltd.com
Website: www.focusventuresltd.com



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 statement.
 
 

You can view the Next News Releases item: Mon Feb 6, 2012, Focus Identifies Bulk Tonnage Silver-Gold Targets at Santa Cruz, Mexico; Trenching Cuts 34m @ 65.8 g/t Ag + 0.2 g/t Au

You can view the Previous News Releases item: Wed Jan 18, 2012, Focus Provides Exploration Update and Looks Forward in 2012

You can return to the main News Releases page, or press the Back button on your browser.