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Focused Capital closes private offering of common stock

Focused Capital II Corp. closed a nonbrokered private placement of 1,176,470 common shares for C$200,000, at 17 Canadian cents apiece.

All securities issued pursuant to the financing are subject to a four-month hold period. The company will use the net proceeds for working capital.

Currently, there there are 6,176,470 common shares of the company issued and outstanding.