Business
Morocco Strategic Minerals Closes Private Placement for a Total Amount of $600,000
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONT...
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":"Morocco Strategic Minerals Closes Private Placement for a Total Amount of $600,000\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV: MCC) (\"MCC\" or the \"Corporation\") announce the closing of a non-brokered private placement, raising total gross proceeds of $600,000 through the issuance of 6,000,000 units of the Corporation (\"Units\") at a price of $0.10 per Unit (the \"Offering\"). Each Unit consists in one common share of the Corporation (a “Common Share”) and one half of one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles its holder to purchase one Common Share at an exercise price of $0.15 per Common Share until December 19, 2027. All securities issued in connection with the Offering are subject to a statutory hold period ending four-month and one day from the date of their issuance being April 20, 2026. The Offering remains subject to final approval from the TSX Venture Exchange (“TSXV”). In connection with the completion of the Offering, the Corporation expects to pay finder’s fees in an aggregate amount of $17,500 and issue a total of 175,000 Warrants to arm’s length third parties in consideration for their services under the Offering. The Corporation intends to allocate the net proceeds from the Offering towards the development of the Corporation's portfolio in Québec and Morocco, encompassing potential growth opportunities, as well as for general working capital purposes. About Morocco Strategic Minerals MCC is a Canadian mineral exploration company focused on the acquisition, exploration, and, if warranted, development of natural resource properties of merit in Canada and Morocco. Contact Information Téléphone : 579-476-7000Courriel : [email protected] Pierre-Olivier GouletVice-President Corporate Development Guy GouletPresident and CEO Forward-Looking Statements and Disclaimer Certain information contained herein may constitute \"forward-looking information\" under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as \"will be,\" \"expected,\" or variations of such words and phrases, or statements that certa...