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CNW Group

FOKUS MINING ANNOUNCES SECOND AND FINAL CLOSING OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Fokus Mining Corporation (“Fokus” or the “Company”) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce that it has completed a second and final closing of its previously announced non-brokered private placement. The Company issued in this second tranche (i) 2,500,000 units (the “Units”) at a price of $0.08 per Unit, for aggregate gross proceeds to the Company of $200,000, and (ii) 2,500,000 “flow-through” units (the “FT Units”) at a price of $0.10 per FT Unit, for aggregate gross proc