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.
About Focus Ventures
Phosphate rock is a raw material for fertilizers and vital to world food production. Focus is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Focus Ventures Ltd. Actual results may differ materially from those currently anticipated in such statements.