OTTAWA, ONTARIO--(Marketwire - March 7, 2011) - Focus Metals Inc. (TSX VENTURE:FMS) ("Company" or "Corporation") announces the granting of options to purchase 250,000 common shares of the Company to a consultant at an exercise price of $1.15 per share, which is the closing price of the Company's common shares on the date prior to the grant date.
In addition, the Company announces granting options to purchase in the aggregate 300,000 common shares of the Company to an Officer and a consultant. Each option entitles the holder to purchase one common share of the Company at the price of $1.55 per share, which is the closing price of the Company's common shares on March 4, 2011.
The options are granted pursuant to the Company's incentive stock option plan and under the plan are available for exercise for a period of five years.
Profile
Focus Metals Inc. is an emerging mid-tier junior mining exploration company with excellent discovery stage base metals and industrial minerals opportunities in Quebec. A determined management team with extensive mining and Technology business experience lead the Corporation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information: Focus Metals Inc.
Gary Economo
President and Chief Executive Officer
613-691-1091 ext. 101