Focus Graphite to convert Grafoid loan to shares
FOCUS GRAPHITE’S BOARD OF DIRECTORS APPROVES A GRAFOID LOAN-TO-SHARES CONVERSION ON BEHALF OF FOCUS SHAREHOLDERS The board of directors of Focus Graphite Inc. has approved a conversion of $1.5-million in financing to Grafoid Inc. into three million common shares in Grafoid at 50 cents per share. On May 3, 2012, at the corporation’s annual meeting, disinterested shareholders of the corporation passed a resolution to approve the participation of the corporation in Grafoid, enabling...
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