09:48 AM EST - Focus Ventures Ltd. : said that its Peruvian subsidiary Agrifos Peru S.A.C. has signed a binding letter of intent with Juan Paulo Quay S.A.C. for the exploration and acquisition of the Bayovar 12 phosphate mining concession, located 70 kilometres south of the city of Piura in northern Peru, close to Vale's operating Bayovar phosphate mine. Focus Ventures Ltd.
shares V.FCV are trading unchanged at $0.14.
