Health & Fitness
Health and Fitness
Health and Fitness
Wed, May 26, 2010
Tue, May 25, 2010 Focus Metals Inc. Begins Trading Today Under the Symbol "FMS" on the TSX-V
OTTAWA, ONTARIO--(Marketwire - May 25, 2010) - Focus Metals Inc. ("Focus Metals" or "Corporation") (TSX VENTURE:FMS) a growing junior mining exploration company focused on acquiring and developing base metals and industrial mineral prospects in Quebec announces its shares will begin trading today on the TSX Venture Exchange under the symbol "FMS".
The Company's Listing Application was submitted on May 10, 2010 and was approved by TSX Venture Exchange on May 21, 2010.
"The rising demand for industrial minerals, base metals and rare earth elements (REE) spawned globally by green technology initiatives provided a timely and appropriate rationale for Focus Metals to launch its programs today," said Marco Gagnon, President and CEO of Focus Metals Inc. "Of particular interest to us is our exploration program for the coming year. The properties we've acquired - both explored and non-explored – in Quebec hold particular interest to us based on the detailed technical surveys we have in hand," Mr. Gagnon said.
A detailed description of Focus Metals' properties and their prospects can be found at [ www.sedar.com ]
| Commencement Date: | At the opening on Tuesday, May 25, 2010, the common shares will commence trading on the TSX Venture Exchange Inc. |
| Corporate jurisdiction: | Canada |
| Capitalization: | Unlimited common shares without par value of which 37,569,310 common shares are issued and outstanding |
| Escrowed Shares: | 13,915,651 common shares are subject to a 36 month staged release escrow under a Surplus Security Escrow Agreement whereby 695,782 common shares are released as of the date of this bulletin |
| Transfer Agent: | CIBC Mellon Trust Company, Montréal and Toronto |
| Trading Symbol: | FMS |
| CUSIP Number: | 34415N107 |
| Sponsoring Member: | Jones, Gable & Company Inc. |
| Sponsor's Warrants: | 250,000 non-transferable share purchase warrants. Each warrant entitles the Holder to purchase one common share at $0.10 per share for a period of two years following the closing |
Focus Metals Inc. is a growing junior mining exploration company focused on acquiring and developing base metals and industrial minerals prospects in Quebec. The Corporation is led by a determined management and technical team with extensive exploration and mine production experience.
