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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

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Message: Arctic Star 6.13 million FT, 3.15 million NFT financing

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Arctic Star 6.13 million FT, 3.15 million NFT financing

posted on Sep 24, 08 01:00PM

Arctic Star 6.13 million FT, 3.15 million NFT financing

2008-09-24 16:32 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to second and final tranche of a non-brokered private placement for Arctic Star Diamond Corp. announced July 9, 2008, and Aug. 12, 2008.

Number of shares: 6.13 million flow-through shares; 3.15 million non-flow-through shares

Purchase price: 10 cents per share

Warrants: 9.28 million share purchase warrants to purchase 9.28 million shares

Warrant exercise price: 15 cents for a two-year period (flow-through units); 12 cents for a two-year period (non-flow-though units)

Hidden placees: 13

Insider: Buddy Doyle 700,000 flow-through, 200,000 non-flow-through

Pursuant to corporate finance Policy 4.1, Section 1.11(d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The company must also issue a news release if the private placement does not close promptly.

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