need to go for a coffee and cigarette and read proper
? Investment by Shandong Gold to provide Focus with a robust balance sheet and the backing and expertise of one of China’s three largest gold producers ? Placement proceeds to support Focus’ goal of becoming a +500,000oz gold producer ? Directors of Focus unanimously recommend shareholders support Placement to Shandong Gold in the absence of a superior proposal and subject to an independent expert opining that the terms of the Placement are reasonable ? Placement price of 5 cents per share represents a premium of: o 13.6% to the last closing price of 4.4 cents per share o 28% to the 60 day VWAP of 3.9 cents per share ? Shandong Gold will own 51% of Focus on a fully diluted basis
FML Price at posting:
4.4¢ Sentiment: None Disclosure: Held
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