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| Home : Focus Ventures Provides Drill Update, Arranges Private Placement |
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Mar 12
2014 |
Focus Ventures Provides Drill Update, Arranges Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2014) - Focus Ventures Ltd. (TSX VENTURE:FCV): Mr. David Cass, the President of Focus Ventures, is pleased to provide an update on the Company's diamond drill program at the Bayovar 12 mining concession, Peru. Bayovar 12 shows potential to host a large sedimentary phosphate deposit, and is close to the operating Bayovar phosphate mine, owned by Vale, Mosaic and Mitsui. Focus's Peruvian subsidiary, Agrifos Peru S.A.C., can earn 70-per-cent of the issued share capital of JPQ, the owners of the Bayovar 12 concession, by investing in exploration and making a series of cash payments up to the completion of a positive prefeasibility study, after which it will have the first right of refusal to purchase the remaining 30 per cent of JPQ. |
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| Source:http://www.marketwired.com/mw/release.do?id=1887760&sourceType=3 |
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