Focus Metals Inc. Welcomes a New Board Member
05.01.2012 | Marketwire
OTTAWA, ONTARIO -- (Marketwire) -- 01/05/12 -- Focus Metals Inc. (TSX VENTURE: FMS)(OTCQX: FCSMF)(FRANKFURT: FKC) ('Focus' or the 'Corporation') is pleased to announce that Mr. Chester Burtt has been appointed as a Director of Focus.Mr. Burtt is President of Chester Burtt & Associates Ltd. ('CBAL') a corporate and public affairs advisory firm that specializes in connecting private and public companies with domestic and international opportunities. CBAL also arranges for the provision and supply of financial services in mergers, acquisitions and joint ventures. Working through an international network and associate firms, CBAL has a 25-year history of offering a full range of services to assist companies with strategy development and decisions to best suit their investor and corporate relations. Mr. Burtt graduated with a BA from Waterloo Lutheran University and MA from Wilfrid Laurier University in Political Science.
Mr. Burtt will receive options to purchase 200,000 common shares of Focus at an exercise price of $0.82 per share until January 5, 2017. In addition, the Corporation granted employees and consultants options to purchase 415,000 common shares of Focus at $0.82 until January 5, 2017. The options are subject to regulatory approval and approval of an increase in the number of common shares reserved for issuance under Focus' Stock Option Plan. The options may not be exercised until such approval has been received by the Corporation.
About Focus Metals Inc.
Focus Metals Inc. is an emerging mid-tier junior mining company, a technology solutions supplier and a business innovator. It is the owner of the highest-grade (15.7%) technology graphite resource in the world. The company's goal is to assume a dominant industry leadership position by becoming the lowest-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Metals is invested in the development of graphene applications and patents through Grafoid Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Gary Economo
President and Chief Executive Officer
613-691-1091 ext. 101