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BRIEF-Focus Ventures Says Proposes To Change Name To "CROPS Inc."

Published 2018-03-06, 06:13 a/m
BRIEF-Focus Ventures Says Proposes To Change Name To "CROPS Inc."

March 6 (Reuters) - Focus Ventures Ltd FCV.V :

* FOCUS VENTURES ANNOUNCES RE-BRANDING NAME CHANGE, ROLLBACK ANDREVISED FINANCING

* FOCUS VENTURES LTD - ‍ PROPOSES TO CHANGE COMPANY'S NAMETO"CROPS INC." (CERTIFIED REACTIVE ORGANIC PHOSPHATE SUPPLY)​

* FOCUS VENTURES LTD - ‍ WILL NOT BE PROCEEDING WITH ITSPROPOSEDPRIVATE PLACEMENT ON TERMS PREVIOUSLY ANNOUNCED ON FEBRUARY 1,2018​

* FOCUS VENTURES LTD - ‍PROPOSES TO CONTINUE ITSJURISDICTION FROMBRITISH COLUMBIA TO YUKON IN ORDER TO COMPLETE NAME CHANGE​

* FOCUS VENTURES LTD - INTENTION OF MANAGEMENT TO ‍CONSOLIDATEISSUED COMMON SHARES OF CO ON BASIS OF ONE NEW SHARE FOR EVERYFOUR EXISTING SHARES​

* FOCUS VENTURES LTD - ‍PRICING FOR DEBENTURE FINANCING WILLBEDETERMINED FOLLOWING SHARE CONSOLIDATION​

* FOCUS VENTURES -‍ USE OF PROCEEDS FROM FINANCING INCLUDEREPAYING PORTION OF OUTSTANDING LONG-TERM LOAN OWING TO SPROTTRESOURCE LENDING PARTNERSHIP​

* FOCUS VENTURES LTD - ‍ INTENTION TO ALSO CONDUCTCONVERTIBLEDEBENTURE PRIVATE PLACEMENT FOR PROCEEDS OF $5.0 MILLION

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