ann: fml to raise 227.5 mill via placement, page-3

has to be read to be believed !!!!

CW - pinto - FnF - KW

any of you saw this coming ????


51% Chinese interest ???????


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