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05 / 21 / 14

Focus Ventures (FCV.v) gets cash the easy way

Kind reader, do you too remember back in the good ol’ days when juniors used to run placements, then have news that the market liked, then were able to exercise the warrants from the placement because the stock price had gone up sufficiently, thereby raising more cash without shedding a tear? My oh Lordy Lord and my, it seems like a long time ago but it still happens from time to time in this modern era of junior love, too. Here’s the Focus Ventures (FCV.v) NR today and here’s the business end of the message:

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 21, 2014) – Focus Ventures Ltd. (TSX VENTURE:FCV) announces the acceleration of the expiry date of warrants (the “Warrants”) previously issued by the Company in connection with its private placement financing completed on November 28, 2013.  

Effective as of the market close on May 20, 2014, the closing price of the Company’s common shares on the TSX Venture Exchange has been greater than $0.25 for at least 10 consecutive trading days. In accordance with the terms thereof, 12,670,800 Warrants exercisable at $0.20 per share and 284,579 Warrants exercisable at $0.16 per share will now expire on June 23, 2014, being 30 days after two trading days following the date of this release and the concurrent notification of the acceleration sent by the Company to the Warrant holders. 

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