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Focus Celtic Gold Corp. Engages Union Securities to Act as Agent for a Minimum Financing of $1,000,000, up to a Maximum of $3,000,000

March 29, 2012, Thursday, 12:16 GMT | 07:16 EST | 15:46 IST | 18:16 SGT
Contributed by Marketwire

Mar 29, 2012 RENO, NV ,MARKETWIRE

Focus Gold Corp. (or "Focus") (OTCQB: FGLD) (OTCBB: FGLD) is pleased to announce that its wholly-owned subsidiary Focus Celtic Gold ("Celtic") has engaged Union Securities Ltd. (the "Agent") to act as agent in connection with an up to $3mm offering of Subscription Receipts as part of Celtic's previously announced RTO onto the TSX-V.

Focus Celtic will complete the Offering of the Subscription Receipts at a price of $0.30 per Subscription Receipt, or as otherwise agreed by the parties, for minimum gross proceeds of a $1,000,000 up to a maximum $3,000,000, or such other amount as may be required by the TSXV to meet initial listing requirements. Each Subscription Receipt shall be convertible into units of the Resulting Issuer (each, a "Unit"). Each Unit shall be comprised of one common share of the Resulting Issuer (each, a "Resulting Issuer Share") and one-half of one Resulting Issuer Share purchase warrant (each, a "Warrant"), each Warrant entitling the holder thereof to purchase, subject to adjustments, one Resulting Issuer Share at a price of $0.45 per Resulting Issuer Share on the date that is 18 months following the closing of the Transaction.

The net proceeds from the Offering are expected to be used to further exploration on Focus Celtic's Irish and Scottish properties and for general working capital purposes.

In addition, Dorian (Dusty) Nicol has resigned from the Board of Focus Gold Corp in order to pursue other interests. The Board thanks Mr. Nicol for his contributions and guidance.

About Union Securities:

Union Securities is a full-service independent investment dealer formed in 1963 with offices across Canada and with an office in London, England. The Union Securities Capital Markets Group provides innovative ideas, service and solutions to Canadian-based and international corporate clients and institutional investors focused on the Canadian market. Union is focused on the financial requirements of small-cap to mid-cap companies in Canada, as well as international companies who want access to capital in the Canadian markets.

About Focus Gold Corporation:

Focus Gold acquires and develops gold mining projects around the world. Focus Gold's current projects include: multiple Nayarit, Mexico claims with a copper-gold porphyry system through the company's wholly owned subsidiary Focus Gold Mexico Corp.; two properties in the Timmins Mining District in Ontario, Canada through an option agreement with Victoria Gold; and the recently closed acquisition of Metallum Resources PLC, holder of exploration licenses in Northern Ireland, Republic of Ireland and Scotland through the company's wholly owned subsidiary, Focus Celtic Gold Corp.

For further information please visit: www.focusgoldcorp.com

Contacts:

Focus Gold Corporation
Grant White
CEO 
Grant@focusgoldcorp.com

Investor Inquiries:

Circadian Group
Tyler M. Troup
B.Comm
Email: Tyler@Circadian-Group.com
Toll Free: 1-866-865-2780
FGLD Due Diligence Portal: www.circadian-group.com/fgld.html 

SOURCE: Focus Gold Corp.


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